Artesian Resources Q2 EPS $0.52 Misses $0.54 Estimate, Sales $27.42M Beat $27.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Artesian Resources (NASDAQ:ARTNA) reported Q2 earnings per share of $0.52, missing the analyst estimate of $0.54 by 3.7%. However, the company beat sales estimates with $27.42 million, a 1.54% increase over the expected $27.00 million. Year-over-year, earnings increased by 18.18% and sales by 8.57%.
August 05, 2024 | 8:27 pm
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Artesian Resources reported Q2 EPS of $0.52, missing the $0.54 estimate, but beat sales estimates with $27.42 million. Year-over-year, earnings increased by 18.18% and sales by 8.57%.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term outlook. The year-over-year growth in both earnings and sales is positive, but the EPS miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100