American Woodmark Q2 EPS $2.36 Beats $2.08 Estimate, Sales $473.87M Beat $470.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Woodmark (NASDAQ:AMWD) reported Q2 earnings of $2.36 per share, surpassing the consensus estimate of $2.08, and sales of $473.87M, slightly beating the $470.88M estimate. However, sales decreased by 15.61% compared to the same period last year, despite a slight increase in earnings per share.
November 30, 2023 | 9:11 pm
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NEUTRAL IMPACT
American Woodmark reported higher-than-expected Q2 earnings and a slight sales beat, but experienced a significant year-over-year sales decline.
While the earnings beat is positive, the substantial year-over-year decline in sales could raise concerns about the company's growth trajectory and might offset the positive impact of the earnings beat in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100