Myers Indus Q2 Adj EPS $0.35 Misses $0.39 Estimate, Sales $208.45M Miss $222.80M Estimate
Portfolio Pulse from totan@benzinga.com
Myers Indus (NYSE:MYE) reported Q2 earnings of $0.35 per share, missing the analyst consensus estimate of $0.39 by 10.26%. This is a 22.22% decrease from the same period last year. The company also reported quarterly sales of $208.45 million, missing the analyst consensus estimate of $222.80 million by 6.44%. This is a 10.60% decrease from the same period last year.
August 04, 2023 | 12:49 pm
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Myers Indus reported lower than expected Q2 earnings and sales, which are also down YoY. This could negatively impact the stock price in the short term.
Myers Indus reported lower than expected earnings and sales for Q2, which are also down compared to the same period last year. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100