Aarons Q2 Adj EPS $0.39 Beats $0.18 Estimate, Sales $530.37M Miss $540.56M Estimate
Portfolio Pulse from bharat@benzinga.com
Aarons (NYSE:AAN) reported Q2 earnings of $0.39 per share, beating the analyst consensus estimate of $0.18 by 116.67%. However, this is a 50.63% decrease from the same period last year. The company's quarterly sales were $530.37 million, missing the analyst consensus estimate of $540.56 million by 1.88%. This is a 13.11% decrease from the same period last year.
July 31, 2023 | 8:59 pm
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NEGATIVE IMPACT
Aarons' Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Aarons' earnings beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales is a negative signal, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100