Portillos Q2 EPS $0.10 Misses $0.12 Estimate, Sales $181.86M Miss $187.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portillos (NASDAQ:PTLO) reported Q2 earnings of $0.10 per share, missing the analyst estimate of $0.12. Sales were $181.86M, below the $187.33M estimate. Despite the misses, sales increased by 7.49% year-over-year.
August 06, 2024 | 12:06 pm
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Portillos reported Q2 earnings of $0.10 per share, missing the analyst estimate of $0.12. Sales were $181.86M, below the $187.33M estimate. Despite the misses, sales increased by 7.49% year-over-year.
Portillos missed both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100