Clearwater Paper Q2 2024 Adj EPS $(1.55) May Not Compare To $0.30 Estimate, Sales $586.00M Beat $585.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clearwater Paper (NYSE:CLW) reported a Q2 2024 adjusted EPS of $(1.55), significantly missing the analyst estimate of $0.30. However, the company reported sales of $586.00 million, slightly beating the estimate of $585.00 million and marking an 11.70% increase from the same period last year.
August 06, 2024 | 8:12 pm
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Clearwater Paper reported a Q2 2024 adjusted EPS of $(1.55), missing the analyst estimate of $0.30 by a significant margin. However, sales were $586.00 million, slightly beating the estimate of $585.00 million and showing an 11.70% increase from the same period last year.
The significant miss on EPS is likely to have a negative impact on the stock price in the short term, despite the slight beat on sales and year-over-year growth. Investors typically react strongly to earnings misses, especially when the miss is as substantial as this one.
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IMPORTANCE 90
RELEVANCE 100