JELD-WEN Holding Q2 2024 Adj. EPS $0.34 Beats $0.28 Estimate, Sales $986.000M Miss $1.002B Estimate
Portfolio Pulse from Benzinga Newsdesk
JELD-WEN Holding (NYSE:JELD) reported Q2 2024 adjusted EPS of $0.34, beating the estimate of $0.28, but sales of $986 million missed the $1.002 billion estimate. EPS decreased by 22.73% year-over-year, and sales decreased by 12.43% year-over-year.
August 05, 2024 | 8:52 pm
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JELD-WEN Holding reported Q2 2024 EPS of $0.34, beating estimates by 21.43%, but sales of $986 million missed expectations by 1.58%. EPS and sales both decreased year-over-year.
While JELD-WEN's EPS beat estimates significantly, the miss on sales and the year-over-year declines in both EPS and sales create a mixed outlook. The market reaction could be neutral as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100