Q: Can you please give us your analysis of the reported results and your outlook for the stock.
Sheldon
Sheldon
5i Research Answer:
CJT EPS was 91c, vs estimates of 83c. Revenue of $209M missed estimates of $229.1M. EBITDA of $74M matched estimates. Both revenue and earnings fell sharply from last year. But, margins improved 2.5 points as the company focused on cost controls. The stock bounced as some inflationary pressures may be easing. Our generally positive view doesn't change. After a drop this year, EPS growth is expected to resume in 2024, with more than 20% growth.