Albany Intl Q2 2024 GAAP EPS $0.79 Misses $0.90 Estimate, Sales $331.994M Beat $318.145M Estimate
Portfolio Pulse from Benzinga Newsdesk
Albany International (NYSE: AIN) reported Q2 2024 earnings per share (EPS) of $0.79, missing the analyst consensus estimate of $0.90 by 12.22%. However, the company reported quarterly sales of $331.994 million, beating the analyst consensus estimate of $318.145 million by 4.35%. This represents a 21.11% increase over sales of $274.123 million in the same period last year.
August 06, 2024 | 8:23 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Albany International (NYSE: AIN) reported Q2 2024 EPS of $0.79, missing the $0.90 estimate by 12.22%. However, sales of $331.994 million beat the $318.145 million estimate by 4.35%, showing a 21.11% YoY increase.
The mixed earnings report, with EPS missing but sales beating estimates, creates a neutral short-term outlook. The significant YoY sales increase is positive, but the EPS miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100