Recap: Enerpac Tool Group Q2 Earnings
Portfolio Pulse from Benzinga Insights
Enerpac Tool Group (NYSE:EPAC) reported its Q2 earnings, missing estimated earnings by 0.0% with an EPS of $0.36, and a revenue decrease of $3.52 million from the previous year. Last quarter, the company beat EPS estimates which led to a 2.0% share price increase the following day.
March 20, 2024 | 8:35 pm
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Enerpac Tool Group reported Q2 earnings with an EPS of $0.36, missing estimates by 0.0%, and a revenue decrease from last year.
The report of missed earnings and decreased revenue is likely to negatively impact investor sentiment and the stock price in the short term, especially considering the positive reaction to last quarter's earnings beat.
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