Smurfit WestRock Q3 2024 GAAP EPS $(0.30) Misses $0.76 Estimate
Portfolio Pulse from Benzinga Newsdesk
Smurfit WestRock reported a Q3 2024 GAAP EPS of $(0.30), missing the analyst estimate of $0.76 by 139.47%. Quarterly sales were $7.67 billion, below the expected $8.20 billion, but up 163.16% from last year's $2.92 billion.
October 30, 2024 | 10:59 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Smurfit WestRock's Q3 2024 earnings report showed a significant miss on both EPS and sales estimates, with EPS at $(0.30) versus the expected $0.76, and sales at $7.67 billion versus $8.20 billion expected. Despite a year-over-year sales increase, the results may negatively impact the stock price in the short term.
The significant miss on both EPS and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term. The large discrepancy between expected and actual EPS, along with lower-than-expected sales, suggests potential operational or market challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100