SP Plus Q2 Adj EPS $0.78 Beats $0.64 Estimate, Sales $221.30M Beat $220.41M Estimate
Portfolio Pulse from saritha@benzinga.com
SP Plus (NASDAQ:SP) reported Q2 earnings of $0.78 per share, beating the analyst consensus estimate of $0.64 by 21.88%. However, this is a 3.7% decrease from the same period last year. The company also reported quarterly sales of $221.30 million, beating the estimate of $220.41 million by 0.40%, but this is a 41.92% decrease from last year.
August 04, 2023 | 12:19 pm
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SP Plus reported better than expected Q2 earnings and sales, but both are down from the same period last year.
While SP Plus beat Q2 estimates, the year-on-year decreases in earnings and sales may offset any potential positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100