Shyft Group Q2 Adjusted EPS $0.25 Beats $0.21 Estimate, Sales $225.10M Miss $256.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shyft Group reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.21 by 19.05%. However, the company's quarterly sales of $225.10 million missed the analyst consensus estimate of $256.60 million by 12.28%. This represents a 3.06% decrease over sales from the same period last year.
July 27, 2023 | 11:38 am
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Shyft Group's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Shyft Group's earnings beat could be seen as a positive sign of operational efficiency, potentially driving the stock price up. However, the sales miss indicates lower than expected revenue, which could negatively impact the stock price. The net effect on the stock price could be neutral in the short term.
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