SiteOne Landscape Supply Q2 EPS $2.63 Beats $2.57 Estimate, Sales $1.41B Beats $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply (NYSE:SITE) reported Q2 earnings per share (EPS) of $2.63, beating the analyst estimate of $2.57. Sales were $1.41 billion, also surpassing the estimate of $1.39 billion. Despite the beat, EPS decreased by 2.95% year-over-year.
July 31, 2024 | 10:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
SiteOne Landscape Supply reported Q2 EPS of $2.63, beating the $2.57 estimate, and sales of $1.41 billion, beating the $1.39 billion estimate. However, EPS decreased by 2.95% year-over-year.
The positive earnings and sales beats are likely to have a short-term positive impact on SITE's stock price. However, the year-over-year decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100