BlueLinx Hldgs Q3 2024 Adj. EPS $1.95 Beats $1.20 Estimate, Sales $747.288M Miss $759.040M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlueLinx Holdings reported Q3 2024 earnings per share of $1.95, surpassing the expected $1.20, but sales of $747.288 million fell short of the $759.040 million estimate. Sales decreased by 7.74% compared to the same period last year.
October 29, 2024 | 8:09 pm
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BlueLinx Holdings reported better-than-expected Q3 2024 EPS of $1.95, beating the $1.20 estimate, but sales of $747.288M missed the $759.040M estimate, showing a 7.74% YoY decline.
The significant EPS beat suggests strong profitability, which is positive for the stock. However, the sales miss and YoY decline could temper enthusiasm. Overall, the EPS beat is likely to have a more substantial positive impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100