Shenandoah Q2 2024 GAAP EPS $(0.24) Misses $0.01 Estimate, Sales $85.799M Miss $86.112M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shenandoah (NASDAQ:SHEN) reported Q2 2024 GAAP EPS of $(0.24), missing the $0.01 estimate by a significant margin. Sales were $85.799M, slightly below the $86.112M estimate but up 20.27% from last year.
August 07, 2024 | 11:04 am
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Shenandoah reported a significant EPS miss for Q2 2024, with $(0.24) per share against an estimate of $0.01. Sales were slightly below expectations but showed a 20.27% increase YoY.
The significant EPS miss is likely to negatively impact investor sentiment and the stock price in the short term. Although sales increased YoY, they still fell short of expectations, adding to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100