GMS Q4 2024 Adj EPS $1.93 Misses $2.04 Estimate, Sales $1.413B Beat $1.403B Estimate
Portfolio Pulse from Benzinga Newsdesk
GMS (NYSE:GMS) reported Q4 2024 earnings per share of $1.93, missing the analyst estimate of $2.04 by 5.39%. However, the company reported sales of $1.413 billion, beating the estimate of $1.403 billion by 0.75%. Compared to the same period last year, EPS decreased by 8.53% while sales increased by 8.36%.
June 20, 2024 | 10:02 am
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GMS reported Q4 2024 earnings per share of $1.93, missing the analyst estimate of $2.04 by 5.39%. However, the company reported sales of $1.413 billion, beating the estimate of $1.403 billion by 0.75%. Compared to the same period last year, EPS decreased by 8.53% while sales increased by 8.36%.
The miss on EPS is likely to have a negative short-term impact on the stock price as it indicates lower profitability than expected. However, the beat on sales and the year-over-year increase in revenue may mitigate some of the negative sentiment.
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