nVent Electric Q2 2024 Adj. EPS $0.82, Inline, Sales $880.000M Miss $892.583M Estimate
Portfolio Pulse from Benzinga Newsdesk
nVent Electric (NYSE:NVT) reported Q2 2024 adjusted EPS of $0.82, meeting analyst expectations. However, the company's sales of $880 million missed the consensus estimate of $892.583 million by 1.41%. Despite the miss, sales increased by 9.59% compared to the same period last year.
August 06, 2024 | 10:33 am
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NEUTRAL IMPACT
nVent Electric reported Q2 2024 adjusted EPS of $0.82, meeting analyst expectations. However, sales of $880 million missed the consensus estimate by 1.41%. Sales increased by 9.59% year-over-year.
The EPS meeting expectations is a neutral factor, while the slight miss in sales could be seen as a minor negative. However, the significant year-over-year sales growth is a positive indicator. Overall, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100