P.A.M. Transportation Q2 2024 Adj EPS $(0.13) Misses $0.08 Estimate, Sales $182.90M Miss $186.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
P.A.M. Transportation (NASDAQ:PTSI) reported Q2 2024 adjusted EPS of $(0.13), missing the $0.08 estimate by 262.5%. Sales were $182.90M, missing the $186.70M estimate by 2.04%. Sales increased by 0.45% compared to the same period last year.
July 24, 2024 | 9:04 pm
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NEGATIVE IMPACT
P.A.M. Transportation reported a significant miss on both EPS and sales estimates for Q2 2024. The EPS miss was by 262.5%, and sales missed by 2.04%. Despite a slight YoY sales increase, the substantial EPS miss is likely to negatively impact the stock price in the short term.
The significant miss on EPS by 262.5% and the miss on sales estimates by 2.04% are likely to lead to a negative short-term impact on PTSI's stock price. Investors typically react negatively to such substantial deviations from analyst expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100