Barnes Gr Q2 2024 Adj EPS $0.37 Misses $0.40 Estimate, Sales $382.230M Miss $395.885M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barnes Group (NYSE:B) reported Q2 2024 adjusted EPS of $0.37, missing the $0.40 estimate. Sales were $382.230M, below the $395.885M estimate. EPS decreased by 36.21% YoY, while sales increased by 12.76% YoY.
July 26, 2024 | 10:31 am
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NEGATIVE IMPACT
Barnes Group reported Q2 2024 adjusted EPS of $0.37, missing the $0.40 estimate by 7.5%. Sales were $382.230M, below the $395.885M estimate. EPS decreased by 36.21% YoY, while sales increased by 12.76% YoY.
Barnes Group's Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The significant YoY decrease in EPS further adds to the negative sentiment, despite the YoY increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100