Stock Track | Powell Plunges 13.59% as Q3 Revenue Misses Estimates, Raises Growth Concerns

Stock Track11-20 09:04

Powell Industries Inc. (NASDAQ: POWL) experienced a significant 13.59% plunge in its stock price on Tuesday, November 19, 2024, following the release of its third-quarter fiscal 2024 financial results.

The electrical energy control systems manufacturer missed Wall Street's revenue expectations for the quarter, although its earnings per share and adjusted EBITDA exceeded analyst estimates. The company reported revenue of $275.1 million, falling short of the anticipated $286.5 million, despite a 31.8% year-over-year growth.

While Powell's adjusted EPS of $3.77 beat consensus estimates of $3.55, and its adjusted EBITDA of $57.91 million surpassed expectations of $54.87 million, the revenue miss raised concerns among investors about the company's future growth prospects. Analysts have projected a revenue growth of only 7.2% over the next 12 months, a deceleration from the previous two years.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1157677838?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 09:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1157677838","market":"hk","top_or_hot":-1,"title":"Stock Track | Powell Plunges 13.59% as Q3 Revenue Misses Estimates, Raises Growth Concerns","media":"Stock Track","content":"<p>Powell Industries Inc. (NASDAQ: POWL) experienced a significant 13.59% plunge in its stock price on Tuesday, November 19, 2024, following the release of its third-quarter fiscal 2024 financial results.</p>\n\n<p>The electrical energy control systems manufacturer missed Wall Street's revenue expectations for the quarter, although its earnings per share and adjusted EBITDA exceeded analyst estimates. The company reported revenue of $275.1 million, falling short of the anticipated $286.5 million, despite a 31.8% year-over-year growth.</p>\n\n<p>While Powell's adjusted EPS of $3.77 beat consensus estimates of $3.55, and its adjusted EBITDA of $57.91 million surpassed expectations of $54.87 million, the revenue miss raised concerns among investors about the company's future growth prospects. Analysts have projected a revenue growth of only 7.2% over the next 12 months, a deceleration from the previous two years.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Powell Plunges 13.59% as Q3 Revenue Misses Estimates, Raises Growth Concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Powell Plunges 13.59% as Q3 Revenue Misses Estimates, Raises Growth Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-20 09:04 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Powell Industries Inc. (NASDAQ: POWL) experienced a significant 13.59% plunge in its stock price on Tuesday, November 19, 2024, following the release of its third-quarter fiscal 2024 financial results...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POWL","symbol_name":"Powell Industries","start_time":0,"source_url":"","article_id":"1157677838","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157677838","pubTimestamp":1732064670,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Powell Industries Inc.  experienced a significant 13.59% plunge in its stock price on Tuesday, November 19, 2024, following the release of its third-quarter fiscal 2024 financial results.The electrical energy control systems manufacturer missed Wall Street's revenue expectations for the quarter, although its earnings per share and adjusted EBITDA exceeded analyst estimates. The company reported revenue of $275.1 million, falling short of the anticipated $286.5 million, despite a 31.8% year-over-","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"POWL":"Powell Industries"},"translate_title":"鲍威尔股价暴跌13.59%，第三季度营收未达预期，引发增长担忧","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POWL":1},"content_text":"Powell Industries Inc. (NASDAQ: POWL) experienced a significant 13.59% plunge in its stock price on Tuesday, November 19, 2024, following the release of its third-quarter fiscal 2024 financial results.\nThe electrical energy control systems manufacturer missed Wall Street's revenue expectations for the quarter, although its earnings per share and adjusted EBITDA exceeded analyst estimates. The company reported revenue of $275.1 million, falling short of the anticipated $286.5 million, despite a 31.8% year-over-year growth.\nWhile Powell's adjusted EPS of $3.77 beat consensus estimates of $3.55, and its adjusted EBITDA of $57.91 million surpassed expectations of $54.87 million, the revenue miss raised concerns among investors about the company's future growth prospects. Analysts have projected a revenue growth of only 7.2% over the next 12 months, a deceleration from the previous two years.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1157677838"}