ProFrac Holding Q2 EPS $(0.02) Misses $0.27 Estimate, Sales $709.20M Miss $751.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProFrac Holding (NASDAQ:ACDC) reported Q2 earnings per share of $(0.02), missing the analyst consensus estimate of $0.27 by 107.41%. The company's quarterly sales were $709.20M, missing the estimate of $751.21M by 5.59%. This represents a 112.5% decrease in earnings and a 20.24% increase in sales compared to the same period last year.
August 10, 2023 | 12:04 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ProFrac Holding's Q2 earnings and sales missed analyst estimates, with a significant decrease in earnings compared to last year. This could negatively impact the company's stock in the short term.
Earnings reports are a key indicator of a company's financial health. ProFrac Holding's significant miss on both earnings per share and sales estimates, coupled with a large decrease in earnings compared to the same period last year, could lead to a negative market reaction and a potential decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100