Federal Agricultural Q1 2024 Adj EPS $3.96 Misses $4.06 Estimate, Sales $89.103M Miss $92.255M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federal Agricultural (NYSE:AGM) reported Q1 2024 earnings of $3.96 per share, missing the consensus estimate of $4.06, and sales of $89.103M, below the $92.255M estimate. This represents a 7.49% increase in sales compared to the same period last year.

May 06, 2024 | 11:33 am
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Federal Agricultural (AGM) missed Q1 2024 EPS and sales estimates, reporting earnings of $3.96 per share and sales of $89.103M.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported increase in sales year-over-year may mitigate some negative impact, but the miss on both key financial metrics is likely to dominate investor reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100