Snap-on Q3 2024 Adj. EPS $4.70 Beats $4.59 Estimate, Sales $1.147B Miss $1.157B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap-on reported Q3 2024 earnings per share of $4.70, surpassing the analyst estimate of $4.59. However, its sales of $1.147 billion fell short of the $1.157 billion estimate, marking a 1.04% decrease from the previous year.
October 17, 2024 | 10:32 am
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Snap-on's Q3 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed financial performance.
Snap-on's earnings per share beat expectations, which is a positive indicator for the stock. However, the sales miss and year-over-year decline in sales could offset the positive EPS impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100