Portillos Q2 EPS $0.12 Misses $0.14 Estimate, Sales $169.20M Miss $170.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portillos (NASDAQ:PTLO) reported Q2 earnings of $0.12 per share, missing the analyst consensus estimate of $0.14 by 14.29%. This is a 7.69% decrease from the same period last year. The company also reported quarterly sales of $169.20 million, missing the analyst consensus estimate of $170.13 million by 0.55%. However, this is a 12.33% increase from the same period last year.
August 04, 2023 | 1:08 pm
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NEGATIVE IMPACT
Portillos' Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term. However, the YoY increase in sales might mitigate some of the negative impact.
Portillos' missed earnings and sales estimates, which is typically seen as a negative signal by the market and could lead to a decrease in the stock price. However, the YoY increase in sales indicates some positive performance, which might offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100