Sturm Ruger & Co Q2 2024 GAAP EPS $0.47 Misses $0.76 Estimate, Sales $130.761M Miss $137.601M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sturm Ruger & Co (NYSE:RGR) reported Q2 2024 earnings of $0.47 per share, missing the analyst estimate of $0.76 by 38.16%. Sales were $130.761M, also below the $137.601M estimate, marking an 8.43% decrease from the same period last year.
July 31, 2024 | 9:44 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sturm Ruger & Co reported Q2 2024 earnings of $0.47 per share, missing the analyst estimate of $0.76 by 38.16%. Sales were $130.761M, also below the $137.601M estimate, marking an 8.43% decrease from the same period last year.
The significant miss on both EPS and sales compared to analyst estimates, along with a notable year-over-year decline, is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100