Custom Truck One Source Q2 2024 GAAP EPS $(0.10) Misses $(0.01) Estimate, Sales $423.013M Miss $458.860M Estimate
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (NYSE:CTOS) reported Q2 2024 GAAP EPS of $(0.10), missing the $(0.01) estimate by 900%. Sales were $423.013M, missing the $458.860M estimate by 7.81% and down 7.40% from last year.
August 01, 2024 | 8:38 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Custom Truck One Source (NYSE:CTOS) reported a significant earnings miss for Q2 2024, with GAAP EPS of $(0.10) missing the $(0.01) estimate by 900%. Sales also fell short of expectations, coming in at $423.013M versus the $458.860M estimate, and were down 7.40% year-over-year.
The significant miss on both EPS and sales figures is likely to negatively impact CTOS's stock price in the short term. The 900% miss on EPS and the 7.81% miss on sales, combined with a year-over-year sales decline of 7.40%, indicate potential underlying issues in the company's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100