Babcock & Wilcox Q2 EPS $(0.20) Misses $(0.01) Estimate, Sales $233.60M Miss $238.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Babcock & Wilcox (NYSE:BW) reported Q2 earnings per share (EPS) of $(0.20), significantly missing the analyst consensus estimate of $(0.01). The company also reported quarterly sales of $233.60 million, which fell short of the $238.32 million estimate. Both EPS and sales figures represent declines compared to the same period last year.
August 08, 2024 | 9:26 pm
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Babcock & Wilcox reported Q2 EPS of $(0.20), missing the $(0.01) estimate by a wide margin. Sales of $233.60 million also missed the $238.32 million estimate. Both metrics show significant declines from the previous year.
The significant miss on both EPS and sales estimates, coupled with the year-over-year declines, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100