John Bean Techs Q2 Adj EPS $0.97 Misses $1.18 Estimate, Sales $427.70M Miss $589.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Bean Techs (NYSE:JBT) reported Q2 adjusted earnings of $0.97 per share, missing the analyst consensus estimate of $1.18 by 17.8%. This is a 14.16% decrease from the same period last year. The company also reported quarterly sales of $427.70 million, missing the analyst consensus estimate of $589.14 million by 27.40%. This is a 21.13% decrease from the same period last year.
August 04, 2023 | 10:29 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
John Bean Techs reported lower than expected Q2 earnings and sales, which could negatively impact its stock price in the short term.
John Bean Techs reported lower than expected Q2 earnings and sales. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100