Superior Gr of Cos Q1 2024 GAAP EPS $0.24 Beats $0.07 Estimate, Sales $138.842M Beat $135.081M Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Gr of Cos (NASDAQ:SGC) reported Q1 2024 earnings of $0.24 per share, surpassing the $0.07 estimate, a 300% increase from last year. Sales reached $138.842M, beating the $135.081M estimate, marking a 6.17% increase from the previous year.
May 07, 2024 | 9:30 pm
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POSITIVE IMPACT
Superior Gr of Cos reported a significant beat on both earnings per share and sales for Q1 2024, with a 300% increase in EPS and a 6.17% increase in sales from the previous year.
The substantial beat on both earnings per share and sales estimates, coupled with significant year-over-year growth, is likely to positively impact investor sentiment and SGC's stock price in the short term. The magnitude of the beat and growth rates indicate strong operational performance and efficiency, which are key drivers of stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100