BRC Q2 2024 GAAP EPS $(0.01), Inline, Sales $89.000M Miss $100.912M Estimate
Portfolio Pulse from Benzinga Newsdesk
BRC (NYSE:BRCC) reported Q2 2024 GAAP EPS of $(0.01), meeting analyst expectations. However, the company missed sales estimates, reporting $89 million compared to the expected $100.912 million, a decrease of 11.80%. This also represents a 3.21% decline from the same period last year.
August 07, 2024 | 8:50 pm
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BRC (NYSE:BRCC) reported Q2 2024 GAAP EPS of $(0.01), meeting analyst expectations. However, the company missed sales estimates, reporting $89 million compared to the expected $100.912 million, a decrease of 11.80%. This also represents a 3.21% decline from the same period last year.
While BRC met EPS expectations, the significant miss on sales estimates and the year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100