Vestis Q2 2024 Adj EPS $0.13 Misses $0.22 Estimate, Sales $705.368M Miss $722.540M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vestis (NYSE:VSTS) reported Q2 2024 earnings of $0.13 per share, missing the consensus estimate of $0.22 by 40.91%, and a 64.86% decrease from last year's $0.37. Sales were $705.368M, missing the $722.540M estimate by 2.38%, but marking a 0.87% increase from the previous year.
May 02, 2024 | 11:33 am
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NEGATIVE IMPACT
Vestis reported lower than expected Q2 2024 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially with a substantial decrease in earnings per share compared to the previous year, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100