SiteOne Landscape Supply Q4 EPS $(0.08) Beats $(0.18) Estimate, Sales $965.00M Beat $942.2M Estimate
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply (NYSE:SITE) reported Q4 earnings with losses of $(0.08) per share, surpassing the $(0.19) estimate, and sales of $965.00M, exceeding the $942.2M estimate. This represents a 300% increase in losses from the previous year but an 8.43% increase in sales.
February 14, 2024 | 11:04 am
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POSITIVE IMPACT
SiteOne Landscape Supply reported better-than-expected Q4 earnings and sales, with a significant increase in sales compared to last year.
Beating both EPS and sales estimates typically has a positive impact on stock prices in the short term. The significant increase in sales year-over-year indicates strong growth, which is likely to be viewed positively by investors. However, the increase in losses may temper some of the positive sentiment.
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