MISTRAS Group Q2 Adj EPS $0.05 Misses $0.20 Estimate, Sales $176.03M Miss $189.54M Estimate
Portfolio Pulse from bharat@benzinga.com
MISTRAS Group (NYSE:MG) reported Q2 earnings of $0.05 per share, missing the analyst consensus estimate of $0.20 by 75%. This is a 66.67% decrease from the same period last year. The company also reported quarterly sales of $176.03 million, missing the analyst consensus estimate of $189.54 million by 7.13%. This is a 1.68% decrease from the same period last year.
August 04, 2023 | 12:07 pm
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NEGATIVE IMPACT
MISTRAS Group's Q2 earnings and sales missed estimates, with a significant decrease YoY. This could negatively impact the company's stock price in the short term.
MISTRAS Group's earnings and sales for Q2 significantly missed estimates, and both figures are down from the same period last year. 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 100
RELEVANCE 100