Beacon Roofing Supply Q2 2024 Adj EPS $1.99 Misses $2.79 Estimate, Sales $2.67B Miss $2.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Beacon Roofing Supply (NASDAQ:BECN) reported Q2 2024 adjusted EPS of $1.99, missing the $2.79 estimate. Sales were $2.67B, slightly below the $2.69B estimate but up 6.50% from last year.
August 01, 2024 | 8:02 pm
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Beacon Roofing Supply reported Q2 2024 adjusted EPS of $1.99, missing the $2.79 estimate by 28.67%. Sales were $2.67B, slightly below the $2.69B estimate but up 6.50% from last year.
The significant miss on EPS by 28.67% is likely to negatively impact the stock price in the short term. Although sales were only slightly below estimates and showed a year-over-year increase, the EPS miss is more critical for investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100