Yahoo Finance Generac Holdings First Quarter 2024 Earnings: EPS Misses Expectations
Generac Holdings (NYSE:GNRC) First Quarter 2024 Results
Key Financial Results
Revenue: US$889.3m (flat on 1Q 2023).
Net income: US$26.2m (up by US$22.8m from 1Q 2023).
Profit margin: 2.9% (up from 0.4% in 1Q 2023).
EPS: US$0.44 (up from US$0.055 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Generac Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%.
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are down 7.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Generac Holdings you should know about.
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