Snap-on Q1 2024 Adj EPS $4.75 Beats $4.64 Estimate, Sales $1.182B Miss $1.199B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap-on reported Q1 2024 adjusted EPS of $4.75, surpassing the $4.64 estimate, but its sales of $1.182B fell short of the $1.199B forecast, marking a slight 0.08% year-over-year decrease.
April 18, 2024 | 10:39 am
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Snap-on's Q1 2024 earnings surpassed EPS estimates but sales fell slightly short of expectations, with a minor year-over-year decrease.
While Snap-on's earnings per share exceeded expectations, the slight miss in sales forecasts and a marginal year-over-year decrease might temper investor enthusiasm. The mixed results could lead to neutral short-term stock price movement as the market weighs the positive earnings surprise against the slight sales disappointment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100