Graco Q3 2024 Adj. EPS $0.71 Misses $0.76 Estimate, Sales $519.212M Miss $538.684M Estimate
Portfolio Pulse from Benzinga Newsdesk
Graco (NYSE:GGG) reported Q3 2024 earnings per share of $0.71, missing the analyst estimate of $0.76. Sales were $519.212 million, below the expected $538.684 million, and down 3.79% from the previous year.
October 23, 2024 | 8:10 pm
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Graco's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.71 vs. $0.76 expected and sales at $519.212M vs. $538.684M expected. This represents a 3.79% decrease in sales from the previous year.
Graco's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The miss in both EPS and sales, along with a year-over-year sales decline, suggests potential investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100