Federal Agricultural Q2 2024 Adj. EPS $3.63 Misses $4.08 Estimate, Sales $89.238M Miss $91.763M Estimate
Portfolio Pulse from Benzinga Newsdesk
Federal Agricultural (NYSE:AGM) reported Q2 2024 adjusted EPS of $3.63, missing the analyst estimate of $4.08 by 11.03%. Sales were $89.238M, also missing the $91.763M estimate by 2.75%. Despite the misses, sales increased by 2.78% year-over-year.
August 05, 2024 | 8:20 pm
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Federal Agricultural (NYSE:AGM) reported Q2 2024 adjusted EPS of $3.63, missing the analyst estimate of $4.08 by 11.03%. Sales were $89.238M, also missing the $91.763M estimate by 2.75%. Despite the misses, sales increased by 2.78% year-over-year.
The earnings and sales misses are likely to negatively impact AGM's stock price in the short term. However, the year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100