A.O. Smith Q3 2024 Adj. EPS $0.82 Misses $0.83 Estimate, Sales $902.600M Miss $904.732M Estimate
Portfolio Pulse from Benzinga Newsdesk
A.O. Smith reported Q3 2024 earnings per share of $0.82, missing the consensus estimate of $0.83. Sales were $902.6 million, also below the expected $904.732 million. Both earnings and sales showed a decline compared to the same period last year.
October 22, 2024 | 10:59 am
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NEGATIVE IMPACT
A.O. Smith's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.82 and sales at $902.6 million. This represents a decline from the previous year, indicating potential challenges for the company.
A.O. Smith's earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The decline in both metrics compared to the previous year suggests potential operational or market challenges, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100