Cactus Q2 2024 Adj. EPS $0.81 Beats $0.72 Estimate, Sales $290.389M Beat $276.990M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cactus (NYSE:WHD) reported Q2 2024 adjusted EPS of $0.81, beating the estimate of $0.72. Sales were $290.389M, surpassing the $276.990M estimate but down 5.05% from last year's $305.819M.
July 31, 2024 | 9:34 pm
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Cactus (NYSE:WHD) reported Q2 2024 adjusted EPS of $0.81, beating the estimate of $0.72 by 12.5%. Sales were $290.389M, surpassing the $276.990M estimate but down 5.05% from last year's $305.819M.
Cactus (NYSE:WHD) exceeded both EPS and sales estimates, which is positive for the stock. However, the YoY sales decline of 5.05% may temper some of the enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100