Hostess Brands Q2 EPS $0.24 Misses $0.26 Estimate, Sales $352.36M Miss $359.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hostess Brands reported Q2 earnings of $0.24 per share, missing the analyst consensus estimate of $0.26 by 7.69%. The company also reported quarterly sales of $352.36 million, missing the analyst consensus estimate of $359.07 million by 1.87%. However, both earnings and sales increased compared to the same period last year.
August 08, 2023 | 8:09 pm
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NEGATIVE IMPACT
Hostess Brands' Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the YoY growth might mitigate the impact.
The company's missed earnings and sales estimates are likely to negatively impact investor sentiment and the stock price. However, the YoY growth in both earnings and sales might provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100