PetIQ Q2 Adj EPS $0.46 Beats $0.26 Estimate, Sales $314.55M Beat $273.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
PetIQ reported Q2 adjusted earnings of $0.46 per share, beating the analyst consensus estimate of $0.26 by 76.92%. The company also reported quarterly sales of $314.55 million, surpassing the analyst consensus estimate of $273.76 million by 14.90%. This represents a 24.81% increase over sales from the same period last year.
August 08, 2023 | 8:13 pm
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POSITIVE IMPACT
PetIQ's Q2 earnings and sales exceeded analyst estimates, which could lead to a positive market reaction.
PetIQ's Q2 earnings and sales significantly beat analyst estimates, which is typically viewed positively by the market. This could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100