Compass Diversified Hldgs Q2 2024 Adj. EPS $0.53 Beats $0.50 Estimate, Sales $542.595M Miss $550.120M Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Diversified Holdings (NYSE: CODI) reported Q2 2024 adjusted EPS of $0.53, beating the estimate of $0.50. However, sales of $542.595 million missed the $550.120 million estimate. Sales increased by 3.52% year-over-year.
July 31, 2024 | 10:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Compass Diversified Holdings reported Q2 2024 adjusted EPS of $0.53, beating the estimate of $0.50 by 6%. However, sales of $542.595 million missed the $550.120 million estimate by 1.37%. Sales increased by 3.52% year-over-year.
The EPS beat is a positive indicator and may boost investor confidence, leading to a short-term price increase. However, the sales miss could temper the enthusiasm. Overall, the positive EPS surprise is likely to have a stronger impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100