Ennis Q2 2024 GAAP EPS $0.40 Misses $0.42 Estimate, Sales $99.038M Miss $104.580M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ennis reported its Q2 2024 financial results, missing both earnings and sales estimates. The company's GAAP EPS was $0.40, falling short of the expected $0.42, and sales were $99.038 million, below the anticipated $104.580 million.
September 23, 2024 | 10:33 am
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Ennis (EBF) reported Q2 2024 earnings that missed analyst expectations. The company's GAAP EPS was $0.40, below the $0.42 estimate, and sales were $99.038 million, missing the $104.580 million forecast.
The earnings and sales miss is likely to negatively impact Ennis's stock price in the short term as it indicates underperformance compared to market expectations. Investors may react negatively to the missed targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100