Pool Q1 2024 Adj EPS $2.04 Beats $1.91 Estimate, Sales $1.10B Miss $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pool Corporation (NASDAQ:POOL) reported Q1 2024 adjusted EPS of $2.04, surpassing the $1.91 estimate, but its sales of $1.10B fell short of the $1.13B estimate, marking an 8.86% decrease from the previous year.
April 25, 2024 | 11:05 am
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NEUTRAL IMPACT
Pool Corporation reported a mixed Q1 2024 performance with earnings exceeding expectations but sales missing forecasts and showing a year-over-year decline.
The positive earnings beat suggests operational efficiency and could support the stock price. However, the miss on sales and the year-over-year decline indicate potential challenges in revenue growth, which could temper investor enthusiasm. The mixed results lead to a neutral short-term impact score, as the positive earnings may offset concerns about sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100