Rogers Q2 Adj EPS $1.07 Beats $1.02 Estimate, Sales $230.82M Miss $241.05M Estimate
Portfolio Pulse from mahesh@benzinga.com
Rogers (NYSE:ROG) reported Q2 earnings of $1.07 per share, beating the analyst consensus estimate of $1.02 by 4.9%. However, this is a 12.3% decrease from the same period last year. The company's quarterly sales were $230.82 million, missing the analyst consensus estimate of $241.05 million by 4.24%, and marking an 8.39% decrease from the same period last year.
August 04, 2023 | 2:24 pm
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NEGATIVE IMPACT
Rogers' Q2 earnings beat estimates but sales missed, and both earnings and sales decreased compared to the same period last year.
Rogers' earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and both earnings and sales decreased compared to the same period last year, which is negative for the stock. The negative factors may outweigh the positive, potentially leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100