Myers Indus Q1 2024 Adj EPS $0.21 Misses $0.32 Estimate, Sales $207.102M Miss $241.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Myers Industries (NYSE:MYE) reported Q1 2024 earnings of $0.21 per share, missing the consensus estimate of $0.32 by 34.38%, and a 44.74% decrease from the previous year. Sales were $207.102M, missing estimates of $241.800M by 14.35%, and a 4.00% decrease from the previous year.
May 07, 2024 | 10:37 am
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NEGATIVE IMPACT
Myers Industries reported lower than expected Q1 2024 earnings and sales, with a significant year-over-year decrease.
The significant miss in both earnings per share and sales compared to analyst estimates, along with the year-over-year decrease in these figures, is likely to negatively impact investor sentiment and the stock price of Myers Industries in the short term.
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