Sylvamo Q2 Adj EPS $1.14 Beats $1.00 Estimate, Sales $919.00M Miss $950.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sylvamo (NYSE:SLVM) reported Q2 adjusted earnings of $1.14 per share, beating the analyst consensus estimate of $1.00 by 14%. However, this is a 43.56% decrease from the same period last year. The company's quarterly sales of $919.00 million missed the analyst consensus estimate of $950.84 million by 3.35%, but it's a 0.77% increase from the same period last year.
August 09, 2023 | 11:37 am
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Sylvamo's Q2 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
Sylvamo's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The slight YoY increase in sales could offset some of the negative impact.
CONFIDENCE 90
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RELEVANCE 100