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Stock impact report

Why Is Astec Industries (ASTE) Up 4.3% Since Last Earnings Report? [Yahoo! Finance]

Astec Industries, Inc. (ASTE) 
Last astec industries, inc. earnings: 3/3 07:57 pm Check Earnings Report
US:NASDAQ Investor Relations: astecindustries.com/investor-relations.html
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Astec Industries due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Astec Q3 Earnings Miss Estimates, Revenues Dip Y/Y Astec reported a third-quarter 2023 adjusted loss per share of 1 cent, missing the Zacks Consensus Estimate of earnings of 64 cents. The company reported adjusted earnings of 28 cents in the year-ago quarter. Including one-time items, the company reported a loss of 29 cents in the quarter under review against earnings per share of 3 cents in the year-ago quarter. Revenues & Backlog Astec's revenues fell 3.8% year over year to a record $303 million in the quarter under review. The top line missed the Zacks Consensus Estimate of $330 million. Domestic sales were down 7.9% year over year, while International sales w Show less Read more
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