Brady Q2 2024 GAAP EPS $0.93, Inline, Sales $322.62M Miss $339.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brady (NYSE:BRC) reported Q2 2024 earnings of $0.93 per share, meeting analyst estimates, with a 14.81% increase over the previous year. However, sales of $322.62M missed estimates by 4.96%, marking a 1.11% decrease from the previous year.
February 22, 2024 | 12:10 pm
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Brady reported Q2 2024 earnings per share of $0.93, in line with estimates, and a 14.81% increase from last year. Sales were $322.62M, missing estimates by 4.96%, and saw a 1.11% decrease from the previous year.
While Brady's earnings per share met analyst expectations and showed growth from the previous year, the miss on sales estimates and the slight decrease in sales from the previous year could lead to mixed reactions in the short term. The EPS growth is positive, but the sales miss may concern investors about revenue growth, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100