PotlatchDeltic Q2 Adj EPS $0.06 Misses $0.09 Estimate, Sales $246.10M Beat $230.63M Estimate
Portfolio Pulse from bharat@benzinga.com
PotlatchDeltic reported Q2 earnings of $0.06 per share, missing the analyst consensus estimate of $0.09 by 33.33%. This is a 96.27% decrease from the same period last year. However, the company's quarterly sales of $246.10 million beat the analyst consensus estimate of $230.63 million by 6.71%, despite being a 31.56% decrease from the same period last year.
July 31, 2023 | 8:40 pm
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NEGATIVE IMPACT
PotlatchDeltic's Q2 earnings missed estimates by 33.33%, a significant decrease from last year. However, sales beat estimates, indicating some positive performance.
PotlatchDeltic's earnings miss could negatively impact investor sentiment and potentially lead to a short-term decrease in stock price. However, the sales beat may mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100