Compass Diversified Hldgs Q3 2024 Adj. EPS $0.64 Beats $0.54 Estimate, Sales $582.623M Miss $586.410M Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Diversified Holdings (NYSE:CODI) reported Q3 2024 earnings per share of $0.64, surpassing the analyst estimate of $0.54. However, sales of $582.623 million slightly missed the $586.410 million estimate, though they increased by 2.29% from the previous year.
October 30, 2024 | 8:47 pm
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Compass Diversified Holdings reported better-than-expected Q3 2024 EPS of $0.64, beating the $0.54 estimate. Sales were slightly below expectations but showed a year-over-year increase.
The positive earnings surprise is likely to have a favorable impact on CODI's stock price in the short term, as EPS exceeded expectations by a significant margin. The slight miss in sales is less concerning given the year-over-year growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100