SPAR Group Q2 Adj. EPS $0.00, Inline, Sales $57.29M Beat $44.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
SPAR Group (NASDAQ:SGRP) reported Q2 sales of $57.29 million, beating the analyst consensus estimate of $44.00 million by 30.20%. However, this represents a 13.11% decrease from the same period last year. The adjusted EPS was $0.00, matching the estimate.
August 14, 2024 | 2:03 pm
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SPAR Group reported Q2 sales of $57.29 million, beating estimates by 30.20%, but sales decreased by 13.11% YoY. Adjusted EPS was $0.00, matching estimates.
The significant beat on sales estimates is a positive indicator for the stock, despite the YoY decrease in sales. The matching EPS suggests stable profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100