Barnes Gr Q3 2024 Adj. EPS $0.09 Misses $0.39 Estimate, Sales $387.790M Beat $380.315M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barnes Group reported Q3 2024 earnings per share of $0.09, missing the consensus estimate of $0.39 by 76.92%. However, sales were $387.79M, beating the estimate of $380.315M and showing a 7.42% increase from last year.
October 25, 2024 | 10:30 am
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NEGATIVE IMPACT
Barnes Group's Q3 2024 EPS of $0.09 missed expectations by 76.92%, but sales of $387.79M exceeded estimates, growing 7.42% YoY. The mixed results may lead to short-term stock volatility.
The significant EPS miss suggests potential negative sentiment, but the sales beat and YoY growth could mitigate some downside. Overall, the mixed results are likely to cause short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100