American Vanguard Q2 EPS $(0.42) Misses $(0.01) Estimate, Sales $128.21M Miss $139.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Vanguard (NYSE:AVD) reported a significant quarterly loss of $(0.42) per share, missing the analyst consensus estimate of $(0.01) by a wide margin. The company's sales also fell short of expectations, coming in at $128.21 million compared to the $139.00 million estimate.
August 08, 2024 | 9:47 pm
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American Vanguard reported a significant quarterly loss of $(0.42) per share, missing the analyst consensus estimate of $(0.01) by 4100%. Sales also fell short at $128.21 million, missing the $139.00 million estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the EPS miss (4100%) and the sales miss (7.76%) indicate substantial underperformance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100