MISTRAS Group Q2 2024 Adj. EPS $0.21 Beats $0.14 Estimate, Sales $189.773M Beat $185.805M Estimate
Portfolio Pulse from Benzinga Newsdesk
MISTRAS Group (NYSE:MG) reported Q2 2024 adjusted EPS of $0.21, beating the $0.14 estimate by 50%. Sales were $189.773M, surpassing the $185.805M estimate and marking a 7.81% increase from the same period last year.
July 31, 2024 | 8:42 pm
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POSITIVE IMPACT
MISTRAS Group reported strong Q2 2024 results with EPS of $0.21 beating estimates by 50% and sales of $189.773M surpassing expectations. This indicates robust financial performance and significant year-over-year growth.
The significant beat on both EPS and sales estimates, along with substantial year-over-year growth, suggests strong financial health and positive market sentiment. This is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100