S&W Seed Q2 2024 Adj EPS $(0.13) Misses $(0.11) Estimate, Sales $10.87M Miss $14.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
S&W Seed (NASDAQ:SANW) reported Q2 2024 adjusted EPS of $(0.13), missing the $(0.11) estimate, with sales of $10.87M also missing the $14.00M estimate. This represents a 16.02% decrease in sales compared to the same period last year.
February 14, 2024 | 1:04 pm
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NEGATIVE IMPACT
S&W Seed reported a Q2 2024 adjusted EPS of $(0.13), missing estimates, and sales of $10.87M, also below expectations. Sales decreased by 16.02% compared to the same period last year.
The missed earnings and sales estimates, along with a significant year-over-year decrease in sales, are likely to negatively impact investor sentiment towards SANW in the short term. The magnitude of the miss and the comparison to last year's performance are critical factors in this analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100