Rush Enterprises Q2 2024 GAAP EPS $0.97 Beats $0.77 Estimate, Sales $2.000B Beat $1.863B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rush Enterprises (NASDAQ:RUSHA) reported Q2 2024 earnings per share (EPS) of $0.97, surpassing the analyst consensus estimate of $0.77 by 25.97%. The company also reported quarterly sales of $2.000 billion, beating the estimate of $1.863 billion by 7.35%. However, this represents a slight decrease of 0.15% compared to the same period last year.
July 31, 2024 | 8:08 pm
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Rush Enterprises (NASDAQ:RUSHA) reported strong Q2 2024 earnings, with EPS of $0.97 beating estimates by 25.97% and sales of $2.000 billion surpassing estimates by 7.35%. Despite a slight year-over-year sales decrease of 0.15%, the results are positive.
The significant beat on both EPS and sales estimates is likely to have a positive short-term impact on RUSHA's stock price. The slight year-over-year sales decrease is a minor concern but is outweighed by the strong earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100