ESCO Technologies Q3 2024 Adj. EPS $1.16 Misses $1.20 Estimate, Sales $260.783M Miss $269.263M Estimate
Portfolio Pulse from Benzinga Newsdesk
ESCO Technologies (NYSE:ESE) reported Q3 2024 adjusted EPS of $1.16, missing the analyst estimate of $1.20. Sales were $260.783 million, also missing the estimate of $269.263 million. Despite the misses, sales increased by 4.84% year-over-year.
August 07, 2024 | 8:20 pm
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ESCO Technologies reported Q3 2024 adjusted EPS of $1.16, missing the analyst estimate of $1.20. Sales were $260.783 million, also missing the estimate of $269.263 million. Despite the misses, sales increased by 4.84% year-over-year.
The earnings and sales misses are likely to negatively impact the stock price in the short term, despite the year-over-year sales growth. Investors often react negatively to missed estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100