Recap: NV5 Global Q4 Earnings

NV5 Global NVEE reported its Q4 earnings results on Thursday, February 22, 2024 at 04:01 PM.

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

NV5 Global missed estimated earnings by 5.0%, reporting an EPS of $1.14 versus an estimate of $1.2.

Revenue was up $25.68 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 1.31% drop in the share price the next day.

Here's a look at NV5 Global's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	1.43	1.27	0.83	1.55
EPS Actual	1.51	1.29	0.88	1.21
Revenue Estimate	238.61M	221.96M	188.29M	203.98M
Revenue Actual	239.29M	222.64M	184.32M	189.82M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

NV5 Global management provided guidance for FY 2024, expecting earnings between $5.0 and $5.06 per share.

To track all earnings releases for NV5 Global visit their earnings calendar here.

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

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