Sturm Ruger & Co Q2 EPS $0.91 Beats $0.80 Estimate, Sales $142.80M Beat $137.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sturm Ruger & Co (NYSE:RGR) reported Q2 earnings of $0.91 per share, beating the analyst consensus estimate of $0.80 by 13.75%. However, this is a 22.22% decrease from the same period last year. The company also reported quarterly sales of $142.80 million, beating the analyst consensus estimate of $137.91 million by 3.55%, a 1.53% increase from the same period last year.
August 04, 2023 | 12:24 pm
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NEUTRAL IMPACT
Sturm Ruger & Co's Q2 earnings and sales beat estimates, but earnings decreased 22.22% YoY. Sales increased 1.53% YoY.
While Sturm Ruger & Co beat Q2 earnings and sales estimates, the YoY decrease in earnings could potentially concern investors. However, the YoY increase in sales could offset these concerns, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100