MDU Resources Q2 2024 Adj. EPS $0.32 Beats $0.21 Estimate, Sales $1.047B Miss $1.061B Estimate
Portfolio Pulse from Benzinga Newsdesk
MDU Resources reported Q2 2024 adjusted EPS of $0.32, beating the estimate of $0.21 by 52.38%. However, sales of $1.047 billion missed the estimate of $1.061 billion by 1.33%. EPS increased by 10.34% year-over-year, while sales decreased by 4.03%.
August 08, 2024 | 12:31 pm
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MDU Resources reported Q2 2024 adjusted EPS of $0.32, beating the estimate of $0.21 by 52.38%. However, sales of $1.047 billion missed the estimate of $1.061 billion by 1.33%. EPS increased by 10.34% year-over-year, while sales decreased by 4.03%.
The significant beat on EPS is likely to have a positive short-term impact on MDU's stock price, despite the slight miss on sales. The year-over-year increase in EPS further supports a positive outlook.
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