AMMO Q3 2024 Adj EPS $0.04 Beats $(0.01) Estimate, Sales $36.01M Beat $34.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
AMMO, Inc. (NASDAQ:POWW) reported Q3 2024 adjusted earnings per share (EPS) of $0.04, surpassing the analyst consensus estimate of $(0.01) by 500%. Quarterly sales reached $36.01 million, exceeding expectations by 3.43% but marking a 6.99% decrease from the same period last year.
February 08, 2024 | 9:25 pm
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POSITIVE IMPACT
AMMO, Inc. (POWW) reported a significant beat on both EPS and sales estimates for Q3 2024, with EPS at $0.04 against a $(0.01) estimate and sales of $36.01M against a $34.81M estimate.
Beating both EPS and sales estimates significantly, especially by 500% on the EPS front, is a strong positive signal to investors. This outperformance could lead to increased investor confidence and potentially drive the stock price up in the short term. However, the year-over-year decrease in sales might temper some of the positive momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100