Solo Brands Q2 2024 Adj. EPS $0.04 Misses $0.13 Estimate, Sales $131.550M Beat $128.529M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solo Brands (NYSE:DTC) reported Q2 2024 earnings per share of $0.04, missing the analyst estimate of $0.13 by 69.23%. However, the company reported sales of $131.550 million, beating the estimate of $128.529 million by 2.35%. This represents a 0.48% increase over the same period last year.
August 07, 2024 | 10:52 am
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NEGATIVE IMPACT
Solo Brands reported Q2 2024 EPS of $0.04, missing the $0.13 estimate by 69.23%. Sales of $131.550M beat the $128.529M estimate by 2.35%, a 0.48% YoY increase.
The significant miss on EPS is likely to have a negative short-term impact on the stock price, despite the slight beat on sales and year-over-year increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100