Spire Q2 2024 Adj EPS $3.45 Misses $3.72 Estimate, Sales $1.129B Miss $1.228B Estimate
Portfolio Pulse from Benzinga Newsdesk
Spire reported Q2 2024 adjusted EPS of $3.45, missing the $3.72 estimate, and sales of $1.129B, below the $1.228B estimate. This represents a slight 0.53% increase in sales compared to the same period last year.
May 01, 2024 | 11:04 am
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NEGATIVE IMPACT
Spire's Q2 2024 earnings and sales missed analyst estimates, with a slight year-over-year sales increase.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The slight increase in year-over-year sales may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100