REX American Resources Q2 EPS $0.52 Misses $0.66 Estimate, Sales $211.98M Beat $195.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
REX American Resources reported Q2 earnings of $0.52 per share, missing the analyst consensus estimate of $0.66 by 21.21%. This is a 17.46% decrease from the same period last year. However, the company's quarterly sales of $211.98 million beat the analyst consensus estimate of $195.14 million by 8.63%, despite being an 11.80% decrease from last year.
August 30, 2023 | 11:02 am
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NEGATIVE IMPACT
REX American Resources' Q2 earnings missed estimates, which could negatively impact the stock price. However, the sales beat could offset some of this negative impact.
Earnings misses often lead to a decrease in stock price as they indicate that the company is not performing as well as expected. However, the sales beat could indicate stronger future performance, which may offset some of the negative impact of the earnings miss.
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IMPORTANCE 80
RELEVANCE 100