CECO Environmental (CECO) Q4 Earnings and Revenues Surpass Estimates

Group 1: Earnings Performance - CECO Environmental reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of$ 0.22 per share, but down from $0.28 per share a year ago [1] - The earnings surprise for this quarter was 22.73%, while the previous quarter saw a negative surprise of -36.36% with actual earnings of$ 0.14 per share against an expectation of $0.22 [2] - Over the last four quarters, CECO has surpassed consensus EPS estimates two times [2] Group 2: Revenue Performance - CECO posted revenues of$ 158.57 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.59% and up from $153.71 million year-over-year [3] - The company has topped consensus revenue estimates only once over the last four quarters [3] Group 3: Stock Performance and Outlook - CECO shares have declined approximately 25.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [4] - The current consensus EPS estimate for the upcoming quarter is$ 0.16 on revenues of $149.33 million, and for the current fiscal year, it is$ 1.16 on revenues of $692.09 million [8] - The Zacks Rank for CECO is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Group 4: Industry Context - The Pollution Control industry, to which CECO belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, suggesting potential challenges for stock performance [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact CECO's stock performance [6]