LSI Industries Q3 2024 Adj EPS $0.21 Beats $0.15 Estimate, Sales $108.186M Beat $105.571M Estimate
Portfolio Pulse from Benzinga Newsdesk
LSI Industries (NASDAQ:LYTS) reported Q3 2024 adjusted EPS of $0.21, surpassing the $0.15 estimate, with sales of $108.186M exceeding the $105.571M forecast. This represents a 10.53% increase in EPS and a 7.90% decrease in sales from the same period last year.

April 25, 2024 | 11:21 am
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LSI Industries reported a significant beat on both earnings and sales estimates for Q3 2024, with an EPS of $0.21 against a $0.15 estimate and sales of $108.186M against a $105.571M estimate.
The substantial beat on both the earnings per share (EPS) and sales estimates for LSI Industries in Q3 2024 indicates a strong financial performance and operational efficiency. The 40% beat on EPS estimates and the surpassing of sales forecasts by 2.48% reflect positively on the company's ability to exceed analyst expectations, which is likely to instill investor confidence and potentially lead to a short-term positive impact on the stock price. Despite a year-over-year decrease in sales, the significant outperformance against estimates may outweigh this factor in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100