Sturm Ruger & Co Q1 2024 GAAP EPS $0.40 Misses $0.87 Estimate, Sales $136.800M Miss $153.398M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sturm Ruger & Co (NYSE:RGR) reported Q1 2024 earnings of $0.40 per share, missing the consensus estimate of $0.87 by 54.02%. Quarterly sales were $136.800M, below the estimate of $153.398M, marking a 10.82% miss and an 8.47% decrease from the previous year.
May 07, 2024 | 10:00 pm
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Sturm Ruger & Co reported a significant miss in both EPS and sales for Q1 2024, with EPS at $0.40 against an $0.87 estimate and sales at $136.800M against a $153.398M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100