Graco Q2 Adj EPS $0.75 Misses $0.80 Estimate, Sales $559.64M Miss $576.08M Estimate
Portfolio Pulse from bharat@benzinga.com
Graco (NYSE:GGG) reported Q2 earnings of $0.75 per share, missing the analyst consensus estimate of $0.80 by 6.25%. The company also reported quarterly sales of $559.64 million, missing the analyst consensus estimate of $576.08 million by 2.85%. However, both earnings and sales increased compared to the same period last year.
July 26, 2023 | 8:15 pm
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NEGATIVE IMPACT
Graco's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Graco's earnings and sales for Q2 missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term. However, the company did show year-over-year growth in both earnings and sales, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100