Sturm Ruger & Co Q3 2023 Gaap EPS $0.42 Misses $0.87 Estimate, Sales $120.89M Miss $137.42M Estimate
Portfolio Pulse from saritha@benzinga.com
Sturm Ruger & Co (NYSE:RGR) reported Q3 2023 earnings of $0.42 per share, missing the analyst consensus estimate of $0.87 by 51.72%. This is a 59.22% decrease from the same period last year. The company also reported quarterly sales of $120.89 million, missing the analyst consensus estimate of $137.42 million by 12.03%. This is a 13.27% decrease from the same period last year.
November 01, 2023 | 9:05 pm
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NEGATIVE IMPACT
Sturm Ruger & Co's Q3 2023 earnings and sales significantly missed estimates and decreased from the same period last year.
Sturm Ruger & Co's earnings and sales for Q3 2023 significantly missed analyst estimates and decreased from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100