Enerpac Tool Group Q3 2024 GAAP EPS $0.47, Inline, Sales $150.389M Miss $153.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enerpac Tool Group (NYSE:EPAC) reported Q3 2024 GAAP EPS of $0.47, meeting analyst expectations. However, the company missed sales estimates, reporting $150.389 million compared to the expected $153.200 million, a 1.83% shortfall and a 3.75% decrease from the same period last year.
June 24, 2024 | 8:31 pm
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Enerpac Tool Group reported Q3 2024 GAAP EPS of $0.47, meeting analyst expectations. However, the company missed sales estimates, reporting $150.389 million compared to the expected $153.200 million, a 1.83% shortfall and a 3.75% decrease from the same period last year.
While Enerpac Tool Group met EPS expectations, the miss on sales estimates and the year-over-year decline in sales could create mixed sentiment among investors. The stock may experience some volatility but is likely to remain relatively stable in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100