Strattec Security Q2 2024 GAAP EPS $0.26 Beats $(0.46) Estimate, Sales $118.53M Beat $110.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Strattec Security (NASDAQ:STRT) reported Q2 2024 earnings of $0.26 per share, surpassing the $(0.46) estimate, with sales of $118.53M exceeding the $110.15M forecast. This represents a 4.73% increase in sales compared to the same period last year.
February 08, 2024 | 9:12 pm
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Strattec Security reported a significant earnings beat for Q2 2024, with EPS of $0.26 against a $(0.46) estimate and sales of $118.53M surpassing the $110.15M estimate.
The substantial beat on both earnings per share (EPS) and sales estimates for Strattec Security in Q2 2024 indicates strong company performance and operational efficiency. Beating the EPS estimate by 156.52% and sales estimate by 7.61%, along with a year-over-year sales increase of 4.73%, suggests robust demand for Strattec's products and operational excellence. This performance is likely to instill investor confidence and could lead to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100