Ennis Q1 EPS $0.41 Beats $0.36 Estimate, Sales $103.11M Beat $100.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ennis (NYSE:EBF) reported Q1 earnings per share of $0.41, beating the analyst estimate of $0.36. Sales were $103.11 million, also surpassing the $100.85 million estimate. However, both EPS and sales were down compared to the same period last year.
June 17, 2024 | 10:34 am
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Ennis reported Q1 EPS of $0.41, beating the $0.36 estimate, and sales of $103.11M, surpassing the $100.85M estimate. Despite this, both EPS and sales were down compared to the same period last year.
The positive earnings and sales surprise are likely to have a short-term positive impact on the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100