Astronics First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Astronics (NASDAQ:ATRO) First Quarter 2024 Results

Key Financial Results

• Revenue: US$185.1m (up 18% from 1Q 2023).
• Net loss: US$3.18m (loss narrowed by 28% from 1Q 2023).
• US$0.092 loss per share (improved from US$0.14 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Astronics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Astronics (1 is significant) you should be aware of.

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