Sally Beauty Holdings Q2 Adj $0.35 Misses $0.40 Estimate, Sales $908.36M Miss $910.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sally Beauty Holdings (NYSE:SBH) reported Q2 adjusted earnings of $0.35 per share, missing the consensus estimate of $0.40, and sales of $908.36M, missing the estimate of $910.76M. This represents a decrease in both earnings and sales compared to the same period last year.
May 09, 2024 | 10:47 am
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NEGATIVE IMPACT
Sally Beauty Holdings reported lower than expected Q2 earnings and sales, missing analyst estimates and showing a year-over-year decline.
Missing earnings and sales estimates, especially with a year-over-year decline, typically leads to negative investor sentiment and can result in a short-term decrease in stock price. Given the reported figures and the comparison to last year's performance, it's likely that SBH will experience downward pressure on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100