John Bean Techs Q2 2024 Adj. EPS $1.05 Misses $1.25 Estimate, Sales $402.300M Miss $432.595M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Bean Technologies (NYSE:JBT) reported Q2 2024 earnings per share of $1.05, missing the analyst estimate of $1.25 by 16%. The company also reported sales of $402.3 million, which fell short of the $432.595 million estimate by 7% and represented a 5.94% decrease from the same period last year.
July 30, 2024 | 8:40 pm
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John Bean Technologies (NYSE:JBT) reported Q2 2024 earnings per share of $1.05, missing the analyst estimate of $1.25 by 16%. The company also reported sales of $402.3 million, which fell short of the $432.595 million estimate by 7% and represented a 5.94% decrease from the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact JBT's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100