Encore Wire Q2 EPS $6.01 Misses $6.48 Estimate, Sales $636.46M Miss $738.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Encore Wire (NASDAQ:WIRE) reported Q2 earnings of $6.01 per share, missing the analyst consensus estimate of $6.48 by 7.25%. This is a 43.88% decrease from the same period last year. The company also reported quarterly sales of $636.46 million, missing the analyst consensus estimate of $738.60 million by 13.83%. This is a 24.07% decrease from the same period last year.
July 25, 2023 | 9:03 pm
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NEGATIVE IMPACT
Encore Wire's Q2 earnings and sales missed estimates, marking a significant decrease from the same period last year.
Encore Wire's earnings and sales for Q2 have both missed estimates and decreased significantly from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100