SiteOne Landscape Supply Q2 EPS $2.71 Beats $2.49 Estimate, Sales $1.35B Beat $1.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply (NYSE:SITE) reported Q2 earnings of $2.71 per share, beating the analyst consensus estimate of $2.49 by 8.84%. However, this is a 11.73% decrease from the same period last year. The company also reported quarterly sales of $1.35 billion, beating the analyst consensus estimate of $1.29 billion by 4.96%, and marking an 11.26% increase from the same period last year.
August 04, 2023 | 10:46 am
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SiteOne Landscape Supply reported better than expected Q2 earnings and sales. However, earnings per share decreased by 11.73% compared to the same period last year.
SiteOne Landscape Supply's Q2 earnings and sales beat estimates, which is generally positive for the stock. However, the YoY decrease in earnings per share might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100