Generac Hldgs Q2 EPS $1.08 Misses $1.16 Estimate, Sales $1.00B Beat $985.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Generac Hldgs (NYSE:GNRC) reported Q2 earnings of $1.08 per share, missing the analyst consensus estimate of $1.16 by 6.9 percent. This is a 63.88 percent decrease from the same period last year. The company reported quarterly sales of $1.00 billion, beating the analyst consensus estimate of $985.02 million by 1.52 percent, but this is a 22.54 percent decrease from the same period last year.
August 04, 2023 | 10:45 am
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Generac Hldgs reported lower than expected Q2 earnings and a significant YoY decrease. Although sales beat estimates, they also decreased YoY.
The company's earnings missed analyst estimates and decreased significantly compared to the same period last year. This could negatively impact investor sentiment and the stock price. Additionally, while sales beat estimates, they also decreased YoY, which could further negatively impact the stock.
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