Lavoro Q2 2024 Adj EPS $0.020 Misses $0.040 Estimate, Sales $618.700M Miss $675.834M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lavoro (NASDAQ:LVRO) reported Q2 2024 earnings of $0.020 per share, missing the consensus estimate of $0.040. Sales were $618.7M, below the expected $675.834M, but marked a 101.14M% increase from the previous year.
March 07, 2024 | 10:34 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Lavoro's Q2 2024 earnings and sales missed analyst estimates, with EPS at $0.020 against a $0.040 forecast and sales at $618.7M vs. $675.834M expected. Despite this, sales increased significantly from the previous year.
Missing both earnings and sales estimates typically has a negative short-term impact on a company's stock price. However, the significant increase in sales year-over-year might mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100