Gorman-Rupp Q2 2024 Adj EPS $0.54 Beats $0.34 Estimate, Sales $169.513M Miss $176.222M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gorman-Rupp (NYSE:GRC) reported Q2 2024 adjusted EPS of $0.54, beating the analyst estimate of $0.34 by 58.82%. However, sales of $169.513 million missed the $176.222 million estimate by 3.81%, marking a 0.88% decrease from the same period last year.
July 26, 2024 | 10:39 am
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NEUTRAL IMPACT
Gorman-Rupp's Q2 2024 adjusted EPS of $0.54 significantly beat the analyst estimate of $0.34, but sales of $169.513 million missed the $176.222 million estimate. This mixed result may lead to short-term volatility in the stock price.
The significant beat on EPS is a positive indicator, but the miss on sales and the slight year-over-year decline in revenue could create mixed sentiment among investors, leading to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100