CORRECTION: Benson Hill Q2 Adj EPS $(0.16) Beats $(0.17) Estimate, Sales $109.04M Beat $99.34M Estimate
Portfolio Pulse from Happy Mohamed
Benson Hill (NYSE:BHIL) reported Q2 adjusted EPS of $(0.16), beating the estimate of $(0.17) by 5.88%. However, this is a 14.29% decrease from the same period last year. The company's quarterly sales were $109.04M, surpassing the estimate of $99.34M by 9.76% and marking a 16.46% increase from last year.
August 09, 2023 | 11:53 am
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NEUTRAL IMPACT
Benson Hill's Q2 results exceeded estimates with EPS and sales beating expectations. However, the EPS decreased compared to last year.
While Benson Hill's Q2 results beat estimates, the decrease in EPS compared to last year might concern some investors. This mixed result could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100