Bioceres Crop Solutions Q2 2024 GAAP EPS $0.02 Misses $0.09 Estimate, Sales $140.30M Beat $116.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bioceres Crop Solutions (NASDAQ:BIOX) reported Q2 2024 earnings of $0.02 per share, missing the $0.09 estimate, but sales of $140.30M exceeded the $116.99M estimate, marking a 48.61% increase from the previous year.

February 08, 2024 | 9:57 pm
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NEUTRAL IMPACT
Bioceres Crop Solutions reported lower-than-expected Q2 2024 EPS at $0.02, missing estimates by 77.78%, but surpassed sales forecasts with $140.30M, a 19.92% beat.
While the EPS miss could negatively impact investor sentiment towards BIOX, the significant beat on sales forecasts and a substantial year-over-year sales increase may offset this, leading to a neutral short-term price direction. The mixed results present both positive and negative signals to investors, making the overall impact on the stock price uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100