Alexander & Baldwin Q2 EPS $0.15 Misses $0.30 Estimate, Sales $53.10M Beat $48.90M Estimate
Portfolio Pulse from sunil@benzinga.com
Alexander & Baldwin (NYSE:ALEX) reported Q2 earnings of $0.15 per share, missing the analyst consensus estimate of $0.30 by 50%. However, the company's quarterly sales of $53.10 million beat the estimate of $48.90 million by 8.59%. Compared to the same period last year, earnings increased by 200% and sales increased by 3.91%.
July 27, 2023 | 9:33 pm
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NEUTRAL IMPACT
ALEX's Q2 earnings missed estimates by 50%, but sales beat estimates by 8.59%. Earnings and sales increased by 200% and 3.91% YoY respectively.
The mixed results with earnings missing estimates but sales beating estimates could lead to neutral short-term price movement. The significant YoY growth in earnings and sales might be seen positively by investors, but the missed earnings estimate could also cause some concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100