Alamo Group Q2 2024 GAAP EPS $2.35 Misses $2.72 Estimate, Sales $416.303M Miss $428.560M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alamo Group (NYSE:ALG) reported Q2 2024 earnings per share (EPS) of $2.35, missing the analyst consensus estimate of $2.72 by 13.6%. The company's sales were $416.303 million, also below the estimate of $428.560 million. Both EPS and sales figures represent declines from the same period last year.
July 31, 2024 | 9:33 pm
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Alamo Group (NYSE:ALG) reported Q2 2024 earnings per share (EPS) of $2.35, missing the analyst consensus estimate of $2.72 by 13.6%. The company's sales were $416.303 million, also below the estimate of $428.560 million. Both EPS and sales figures represent declines from the same period last year.
The significant miss on both EPS and sales estimates, combined with year-over-year declines, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100