SiteOne Landscape Supply Q3 2024 GAAP EPS $0.97 Misses $1.19 Estimate, Sales $1.209B Beat $1.191B Estimate
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply reported Q3 2024 earnings per share of $0.97, missing the consensus estimate of $1.19, but sales of $1.209 billion exceeded expectations. EPS decreased by 22.4% year-over-year, while sales increased by 5.59%.
October 30, 2024 | 10:04 am
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SiteOne Landscape Supply's Q3 2024 earnings per share of $0.97 missed analyst estimates, marking a significant 22.4% decrease from last year. However, sales of $1.209 billion exceeded expectations, showing a 5.59% increase year-over-year.
The significant miss on EPS compared to analyst estimates and the year-over-year decrease in EPS are likely to negatively impact the stock price in the short term. However, the beat on sales and year-over-year sales growth may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100