Sturm Ruger & Co Q4 2023 GAAP EPS $0.58 Misses $0.62 Estimate, Sales $130.60M Miss $133.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sturm Ruger & Co (NYSE:RGR) reported Q4 2023 earnings of $0.58 per share, missing the consensus estimate of $0.62. Quarterly sales were $130.60M, below the estimate of $133.75M, marking a 12.48% decrease from the same period last year.

February 21, 2024 | 10:07 pm
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Sturm Ruger & Co reported lower than expected Q4 2023 earnings and sales, missing analyst estimates and showing a significant year-over-year decline.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decline, typically leads to negative investor sentiment in the short term. This could result in downward pressure on RGR's stock price as the market reacts to the earnings miss and reduced sales performance.
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RELEVANCE 100