Distribution Solns Gr Q2 Adj. EPS $0.52 Misses $0.53 Estimate, Sales $377.98M Beat $359.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Distribution Solns Gr (NASDAQ:DSGR) reported Q2 adjusted earnings of $0.52 per share, missing the analyst consensus estimate of $0.53 by 1.89%. However, the company's quarterly sales of $377.98 million beat the estimate of $359.45 million by 5.16%. This represents a 44.44% increase in earnings and a 17.63% increase in sales compared to the same period last year.
August 04, 2023 | 1:04 pm
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NEUTRAL IMPACT
DSGR's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movement.
DSGR's earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100