Concrete Pumping Holdings Q2 EPS $0.05 Misses $0.09 Estimate, Sales $107.06M Miss $112.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Concrete Pumping Holdings (NASDAQ:BBCP) reported Q2 earnings per share of $0.05, missing the analyst estimate of $0.09 by 44.44%. Sales were $107.06M, also missing the estimate of $112.53M by 4.86%. Both earnings and sales showed a decline compared to the same period last year.
June 06, 2024 | 8:21 pm
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NEGATIVE IMPACT
Concrete Pumping Holdings reported disappointing Q2 earnings and sales, both missing analyst estimates and showing declines compared to the same period last year. This is likely to negatively impact the stock price in the short term.
The significant miss on both earnings per share and sales, combined with year-over-year declines, suggests a negative market reaction. Investors are likely to view this as a sign of underperformance, leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100