CrossAmerica Partners Q2 2024 GAAP EPS $0.31 Beats $0.06 Estimate, Sales $1.133B Miss $1.272B Estimate
Portfolio Pulse from Benzinga Newsdesk
CrossAmerica Partners (NYSE:CAPL) reported Q2 2024 GAAP EPS of $0.31, significantly beating the analyst estimate of $0.06. However, sales of $1.133 billion missed the $1.272 billion estimate and were down 1.05% year-over-year.
August 07, 2024 | 8:57 pm
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CrossAmerica Partners reported Q2 2024 GAAP EPS of $0.31, beating the analyst estimate of $0.06 by 416.67%. However, sales of $1.133 billion missed the $1.272 billion estimate and were down 1.05% year-over-year.
The significant EPS beat is a positive indicator for the stock, suggesting better-than-expected profitability. However, the sales miss and slight year-over-year decline may temper investor enthusiasm. Overall, the strong EPS performance is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100