Park-Ohio Hldgs Q2 2024 Adj. EPS $1.02 Beats $0.94 Estimate, Sales $432.600M Miss $449.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Park-Ohio Holdings (NASDAQ:PKOH) reported Q2 2024 adjusted EPS of $1.02, beating the $0.94 estimate, but sales of $432.6M missed the $449.4M estimate. EPS increased by 22.89% YoY, while sales grew by 1.05% YoY.
August 07, 2024 | 9:14 pm
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Park-Ohio Holdings reported Q2 2024 adjusted EPS of $1.02, beating the $0.94 estimate, but sales of $432.6M missed the $449.4M estimate. EPS increased by 22.89% YoY, while sales grew by 1.05% YoY.
The positive EPS surprise and significant YoY growth in earnings are likely to have a positive short-term impact on PKOH's stock price. However, the sales miss may temper the enthusiasm, leading to a moderate positive impact overall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100