Unitil Q2 2024 GAAP EPS $0.27 Misses $0.29 Estimate, Sales $95.700M Beat $94.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Unitil (NYSE:UTL) reported Q2 2024 GAAP EPS of $0.27, missing the $0.29 estimate, but sales of $95.7M beat the $94M estimate. EPS increased by 8% YoY, while sales decreased by 7.45% YoY.
August 06, 2024 | 10:49 am
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Unitil's Q2 2024 earnings per share of $0.27 missed the analyst estimate of $0.29, but sales of $95.7M beat the $94M estimate. EPS increased by 8% YoY, while sales decreased by 7.45% YoY.
The mixed results, with EPS missing estimates but sales beating expectations, suggest a neutral short-term impact on Unitil's stock price. The YoY increase in EPS is positive, but the YoY decrease in sales is a concern.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100