Sturm Ruger & Co Q3 EPS $0.28 Misses $0.56 Estimate, Sales $122.29M Miss $137.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sturm Ruger & Co reported Q3 earnings of $0.28 per share, missing the $0.56 estimate, and sales of $122.29M, missing the $137.05M estimate. Earnings decreased by 33.33% from last year, while sales increased by 1.15%.
October 30, 2024 | 9:18 pm
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NEGATIVE IMPACT
Sturm Ruger & Co's Q3 earnings and sales both missed analyst estimates, with EPS at $0.28 vs. $0.56 expected and sales at $122.29M vs. $137.05M expected. This could negatively impact the stock price in the short term.
The significant miss on both EPS and sales compared to analyst estimates suggests potential negative sentiment from investors, likely leading to a short-term decrease in stock price. The earnings per share decreased by 33.33% from the previous year, which further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100