American Vanguard Q1 2024 GAAP EPS $0.06 Misses $0.12 Estimate, Sales $135.00M Miss $141.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Vanguard (NYSE:AVD) reported Q1 2024 earnings of $0.06 per share, missing the consensus estimate of $0.12 by 50%. Quarterly sales were $135.00M, missing the estimate of $141.90M by 4.86%, but marking an 8.10% increase from the same period last year.
May 09, 2024 | 8:08 pm
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NEGATIVE IMPACT
American Vanguard reported lower-than-expected Q1 2024 earnings and sales, missing EPS estimates by 50% and sales estimates by 4.86%.
Missing both earnings and sales estimates significantly, especially by 50% for EPS, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100