Standex International Q3 2024 Adj EPS $1.75 Beats $1.67 Estimate, Sales $177.267M Miss $180.143M Estimate
Portfolio Pulse from Benzinga Newsdesk
Standex International (SXI) reported Q3 2024 adjusted EPS of $1.75, surpassing the $1.67 estimate, marking a 4.79% beat and a 6.06% increase from the previous year. However, their sales of $177.267M fell short of the $180.143M estimate by 1.60%, representing a 3.83% decrease from the previous year.

May 02, 2024 | 8:22 pm
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Standex International reported a Q3 2024 EPS of $1.75, beating estimates, but sales missed expectations, indicating mixed financial health.
The beat on EPS suggests operational efficiency and profitability, which could positively influence investor sentiment. However, the miss on sales forecasts could raise concerns about revenue growth and market demand, potentially offsetting the positive EPS impact. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100