ASGN Q2 EPS $1.59 Beats $1.49 Estimate, Sales $1.131B Beat $1.13B Estimate
Portfolio Pulse from Bill Haddad
ASGN (NYSE:ASGN) reported Q2 earnings of $1.59 per share, beating the analyst consensus estimate of $1.49 by 6.71%. However, this is a 7.02% decrease from the same period last year. The company also reported quarterly sales of $1.13 billion, slightly beating the analyst consensus estimate of $1.13 billion by 0.08%, but this is a 0.97% decrease from the same period last year.
July 26, 2023 | 8:11 pm
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NEUTRAL IMPACT
ASGN's Q2 earnings and sales beat estimates, but both are down from the same period last year. This mixed result could lead to uncertain market reactions.
ASGN's earnings beat estimates, which is typically a positive signal for investors. However, the year-on-year decrease in both earnings and sales might raise concerns about the company's growth, potentially offsetting the positive impact of beating estimates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100