Graco Q1 2024 Adj EPS $0.65 Misses $0.74 Estimate, Sales $492.189M Miss $536.386M Estimate
Portfolio Pulse from Benzinga Newsdesk
Graco (NYSE:GGG) reported Q1 2024 earnings of $0.65 per share, missing the consensus estimate of $0.74, and sales of $492.189M, below the expected $536.386M. This represents a decrease in both earnings and sales compared to the same period last year.
April 24, 2024 | 8:16 pm
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NEGATIVE IMPACT
Graco's Q1 2024 earnings and sales missed analyst estimates, indicating a potential negative short-term impact on its stock price.
Missing both earnings and sales estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. The reported decrease in earnings and sales compared to the same period last year further supports a bearish outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100