Powell Industries: Q1 Earnings Insights

Powell Industries POWL reported its Q1 earnings results on Tuesday, January 30, 2024 at 04:30 PM.

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

Powell Industries beat estimated earnings by 135.71%, reporting an EPS of $1.98 versus an estimate of $0.84.

Revenue was up $67.16 million from the same period last year.

Last quarter the company beat on EPS by $0.75 which was followed by a 6.0% drop in the share price the next day.

Here's a look at Powell Industries's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	1.20	0.66	0.21	0.02
EPS Actual	1.95	1.52	0.70	0.10
Revenue Estimate	196.79M	170.71M	147.03M	116.69M
Revenue Actual	208.64M	192.37M	171.44M	126.86M

To track all earnings releases for Powell Industries visit their earnings calendar here.

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

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