Suburban Propane Partners Q3 2024 GAAP EPS $(0.27) Misses $(0.17) Estimate, Sales $254.610M Miss $277.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Suburban Propane Partners (NYSE:SPH) reported Q3 2024 GAAP EPS of $(0.27), missing the $(0.17) estimate by 58.82%. Sales were $254.610M, missing the $277.000M estimate by 8.08%. This represents a 237.5% decrease in EPS and an 8.62% decrease in sales compared to the same period last year.
August 08, 2024 | 11:31 am
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NEGATIVE IMPACT
Suburban Propane Partners reported Q3 2024 GAAP EPS of $(0.27), missing the $(0.17) estimate by 58.82%. Sales were $254.610M, missing the $277.000M estimate by 8.08%. This represents a 237.5% decrease in EPS and an 8.62% decrease in sales compared to the same period last year.
The significant miss on both EPS and sales estimates, along with the substantial year-over-year declines, is likely to negatively impact SPH's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100