SunOpta Q1 2024 Adj EPS $0.02 Misses $0.03 Estimate, Sales $182.848M Beat $168.397M Estimate
Portfolio Pulse from Benzinga Newsdesk
SunOpta (NASDAQ:STKL) reported Q1 2024 earnings of $0.02 per share, missing the consensus estimate of $0.03. However, their sales of $182.848M exceeded the estimate of $168.397M, marking a 17.99% increase from the previous year.
May 08, 2024 | 9:16 pm
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SunOpta's Q1 2024 earnings per share missed estimates, but revenue exceeded expectations and showed significant year-over-year growth.
The miss in EPS might concern some investors, potentially putting downward pressure on the stock. However, the significant beat on revenue and year-over-year growth could offset concerns, suggesting a neutral short-term impact. The company's ability to exceed sales estimates indicates strong demand for its products, which could be a positive signal to investors about its market position and operational efficiency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100