Sylvamo Q2 2024 Adj. EPS $1.98 Beats $1.58 Estimate, Sales $933.000M Miss $937.555M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sylvamo (NYSE:SLVM) reported Q2 2024 adjusted EPS of $1.98, beating the analyst estimate of $1.58 by 25.32%. However, sales of $933 million missed the $937.555 million estimate by 0.49%, though they increased by 1.52% year-over-year.
August 09, 2024 | 11:08 am
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POSITIVE IMPACT
Sylvamo's Q2 2024 adjusted EPS of $1.98 beat expectations by 25.32%, but sales of $933 million missed estimates by 0.49%. Sales increased by 1.52% year-over-year.
The significant EPS beat is likely to have a positive short-term impact on the stock price, despite the slight miss in sales. The year-over-year sales increase also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100