Recap: Cemtrex Q1 Earnings

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Cemtrex CETX reported its Q1 earnings results on Monday, February 12, 2024 at 04:20 PM.

Here's what investors need to know about the announcement.

Earnings

Cemtrex missed estimated earnings by 33.72%, reporting an EPS of $-1.15 versus an estimate of $-0.86.

Revenue was up $4.91 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $1.81 which was followed by a 16.95% drop in the share price the next day.

Here's a look at Cemtrex's past performance:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate -3.59 -0.32 -1.63
EPS Actual -1.78 -1.23 -0.71 -3.80
Revenue Estimate 15.32M 14.45M 13.88M 13.30M
Revenue Actual 16.90M 14.73M 16.07M 11.97M

To track all earnings releases for Cemtrex visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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