Ennis Q2 EPS $0.42 Beats $0.40 Estimate, Sales $106.76M Beat $104.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ennis (NYSE:EBF) reported Q2 earnings of $0.42 per share, beating the analyst consensus estimate of $0.40 by 5%. However, this is a 10.64% decrease from the same period last year. The company also reported quarterly sales of $106.76 million, beating the estimate of $104.88 million by 1.79%, but this is a 4.02% decrease from last year.
September 18, 2023 | 10:02 am
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NEUTRAL IMPACT
Ennis reported better than expected Q2 earnings and sales, but both figures are down compared to the same period last year.
While Ennis beat analyst estimates for Q2 earnings and sales, the year-over-year decreases in both figures could potentially offset any positive impact from the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100