Kaiser Aluminum Q2 EPS $1.26 Beats $0.46 Estimate, Sales $814.10M Beat $801.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaiser Aluminum (NASDAQ:KALU) reported Q2 earnings of $1.26 per share, beating the analyst consensus estimate of $0.46 by 173.91%. This is a 4300% increase over losses of $(0.03) per share from the same period last year. The company also reported quarterly sales of $814.10 million, beating the analyst consensus estimate of $801.60 million by 1.56%. However, this is a 14.68% decrease over sales of $954.20 million the same period last year.
July 25, 2023 | 8:33 pm
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NEUTRAL IMPACT
Kaiser Aluminum's Q2 earnings and sales beat estimates, which could positively impact the stock. However, the decrease in sales YoY might temper this positive impact.
Kaiser Aluminum's Q2 earnings significantly beat estimates, which is typically a positive signal for the stock. However, the decrease in sales compared to the same period last year might temper this positive impact, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100