Acme United Q3 EPS $0.54 Misses $0.72 Estimate, Sales $48.17M Miss $53.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acme United (AMEX:ACU) reported Q3 earnings per share of $0.54, missing the analyst estimate of $0.72 by 25%. Sales were $48.17M, below the expected $53.41M, marking a 4.4% decrease from last year.
October 18, 2024 | 1:02 pm
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NEGATIVE IMPACT
Acme United's Q3 earnings and sales both missed analyst estimates, with EPS at $0.54 vs. $0.72 expected and sales at $48.17M vs. $53.41M expected. This indicates potential short-term negative impact on stock price.
The significant miss on both EPS and sales compared to analyst estimates suggests a negative market reaction. The 25% EPS miss and 9.82% sales miss indicate potential challenges in performance, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100