Atkore Q3 2024 Adj. EPS $3.80 Misses $3.99 Estimate, Sales $822.364M Miss $830.140M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atkore (NYSE:ATKR) reported Q3 2024 earnings of $3.80 per share, missing the analyst estimate of $3.99 by 4.76%. Sales were $822.364 million, also missing the estimate of $830.140 million by 0.94%. Both earnings and sales showed significant declines compared to the same period last year.
August 06, 2024 | 10:03 am
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NEGATIVE IMPACT
Atkore's Q3 2024 earnings and sales both missed analyst estimates, with earnings per share down 33.57% and sales down 10.53% year-over-year. This underperformance is likely to negatively impact the stock price in the short term.
The significant miss on both earnings and sales, coupled with year-over-year declines, suggests a negative short-term impact on Atkore's stock price. Investors are likely to react unfavorably to this underperformance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100