GMS Q3 Adj. EPS $1.60 Misses $1.61 Estimate, Sales $1.26B Miss $1.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
GMS reported Q3 adjusted EPS of $1.60, missing the $1.61 estimate, and sales of $1.26B, missing the $1.27B estimate. This represents a 13.51% decrease in EPS and a 1.86% increase in sales year-over-year.
February 29, 2024 | 11:04 am
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NEGATIVE IMPACT
GMS's Q3 earnings and sales both missed analyst estimates, with a notable decrease in EPS compared to last year.
Missing both EPS and sales estimates, especially with a significant year-over-year decrease in EPS, is likely to negatively impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100