Alamo Group Q2 EPS $3.03 Misses $3.05 Estimate, Sales $440.70M Beat $432.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alamo Group (NYSE:ALG) reported Q2 earnings of $3.03 per share, missing the analyst consensus estimate of $3.05 by 0.66 percent. However, the company's quarterly sales of $440.70 million beat the analyst consensus estimate of $432.14 million by 1.98 percent.
August 04, 2023 | 12:14 pm
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NEUTRAL IMPACT
Alamo Group's Q2 earnings missed analyst estimates but sales exceeded expectations.
Alamo Group's earnings miss could negatively impact the stock price. However, the sales beat could offset this negative impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100