Generac Hldgs Q2 2024 Adj. EPS $1.35 Beats $1.18 Estimate, Sales $998.000M Miss $999.975M Estimate
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Generac Holdings (NYSE:GNRC) reported Q2 2024 adjusted EPS of $1.35, beating the estimate of $1.18. However, sales of $998 million missed the $999.975 million estimate and decreased by 0.20% from the same period last year.
July 31, 2024 | 10:01 am
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Generac Holdings reported Q2 2024 adjusted EPS of $1.35, beating the estimate of $1.18 by 14.41%. However, sales of $998 million missed the $999.975 million estimate and decreased by 0.20% from the same period last year.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. Investors often prioritize earnings beats over minor revenue misses.
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