Superior Gr of Cos Q2 2024 GAAP EPS $0.04 Misses $0.11 Estimate, Sales $131.736M Miss $136.423M Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Gr of Cos (NASDAQ:SGC) reported Q2 2024 GAAP EPS of $0.04, missing the $0.11 estimate by 63.64%. Sales were $131.736M, missing the $136.423M estimate by 3.44%. EPS decreased by 50% YoY, while sales increased by 1.99% YoY.
August 06, 2024 | 8:49 pm
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Superior Gr of Cos (NASDAQ:SGC) reported Q2 2024 GAAP EPS of $0.04, missing the $0.11 estimate by 63.64%. Sales were $131.736M, missing the $136.423M estimate by 3.44%. EPS decreased by 50% YoY, while sales increased by 1.99% YoY.
The significant miss on both EPS and sales estimates, along with a 50% YoY decrease in EPS, is likely to negatively impact SGC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100