Suburban Propane Partners Q2 2024 GAAP EPS $1.63 Misses $1.89 Estimate, Sales $498.09M Miss $511.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Suburban Propane Partners (NYSE:SPH) reported Q2 2024 earnings of $1.63 per share, missing the $1.89 estimate, with sales of $498.09M also missing the $511.00M estimate, marking a 5.40% decrease from the previous year.
May 09, 2024 | 11:41 am
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Suburban Propane Partners reported lower than expected Q2 2024 earnings and sales, missing estimates and showing a year-over-year decline.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decline, typically exerts downward pressure on a stock's price in the short term. Investors may react negatively to the missed expectations and the decrease in sales compared to the previous year.
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IMPORTANCE 90
RELEVANCE 100