Tejon Ranch Q2 EPS $0.04 Beats $(0.03) Estimate, Sales $5.69M Miss $7.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tejon Ranch (NYSE:TRC) reported Q2 earnings per share of $0.04, beating the analyst estimate of $(0.03) by 233.33%. However, sales of $5.69 million missed the $7.50 million estimate by 24.15%.
August 06, 2024 | 1:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tejon Ranch (NYSE:TRC) reported Q2 EPS of $0.04, significantly beating the $(0.03) estimate, but sales of $5.69M missed the $7.50M estimate.
The significant beat on EPS is likely to have a positive short-term impact on TRC's stock price, despite the miss on sales. Investors often prioritize earnings over revenue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100