Sprouts Farmers Market Q3 2024 Adj EPS $0.65 Misses $0.76 Estimate, Sales $1.90B Beat $1.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sprouts Farmers Market reported Q3 2024 earnings per share of $0.65, missing the analyst estimate of $0.76. However, sales were $1.90 billion, surpassing the $1.88 billion estimate and marking a 10.92% increase from the previous year.
October 30, 2024 | 8:11 pm
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NEUTRAL IMPACT
Sprouts Farmers Market's Q3 2024 earnings per share missed expectations, but sales exceeded estimates and showed significant year-over-year growth.
The earnings per share miss is a negative indicator, but the sales beat and year-over-year growth are positive. These mixed results may lead to neutral short-term stock movement as investors weigh the earnings miss against the sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100