Pool Q3 EPS $3.51 Vs. $4.78 Prior Year, Sales $1.47B Beat $1.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pool Corporation (NASDAQ:POOL) reported Q3 earnings of $3.51 per share, a 26.57% decrease from the same period last year. However, the company's quarterly sales of $1.47 billion beat the analyst consensus estimate of $1.46 billion by 0.96%, despite being an 8.73% decrease from last year's sales.
October 19, 2023 | 11:02 am
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NEGATIVE IMPACT
Pool Corporation's Q3 earnings per share decreased by 26.57% YoY, but sales beat estimates by 0.96%.
The decrease in earnings per share indicates a decline in profitability, which could negatively impact the stock price. However, the fact that sales beat estimates could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100