PetIQ Q2 2024 Adj EPS $0.70 Beats $0.50 Estimate, Sales $328.90M Miss $330.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
PetIQ (NASDAQ:PETQ) reported Q2 2024 adjusted EPS of $0.70, beating the $0.50 estimate by 40%. However, sales of $328.90M missed the $330.14M estimate by 0.38%, though they increased by 4.56% from the same period last year.
August 07, 2024 | 12:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PetIQ reported Q2 2024 adjusted EPS of $0.70, beating estimates by 40%, but sales of $328.90M missed the $330.14M estimate by 0.38%. Sales increased by 4.56% YoY.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the slight miss in sales. The YoY sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100