Sono-Tek Q2 EPS $0.03 Misses $0.05 Estimate, Sales $5.64M Beat $5.62M Estimate
Portfolio Pulse from Happy Mohamed
Sono-Tek reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.05 by 40%. However, the company's quarterly sales of $5.64 million beat the estimate of $5.62 million by 0.34%. Compared to the same period last year, earnings increased by 200% and sales by 49.85%.
October 12, 2023 | 12:16 pm
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NEUTRAL IMPACT
Sono-Tek's Q2 earnings per share missed analyst estimates by 40%, but sales exceeded expectations by 0.34%. Earnings and sales have significantly increased compared to the same period last year.
The missed earnings per share estimate could negatively impact Sono-Tek's stock price in the short term. However, the beat on sales and the significant year-over-year growth in both earnings and sales could offset this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100