Utz Brands Q3 2024 Adj. EPS $0.21 Beats $0.20 Estimate, Sales $365.523M Beat $363.977M Estimate
Portfolio Pulse from Benzinga Newsdesk
Utz Brands reported Q3 2024 earnings per share of $0.21, surpassing the analyst estimate of $0.20. The company's sales were $365.523 million, also beating the expected $363.977 million, despite a decrease from last year's $371.852 million.
October 31, 2024 | 10:33 am
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Utz Brands reported better-than-expected Q3 2024 earnings and sales, with EPS of $0.21 beating the $0.20 estimate and sales of $365.523M surpassing the $363.977M estimate. However, sales decreased from the previous year.
Utz Brands' earnings and sales both exceeded analyst expectations, which is typically positive for stock prices. However, the year-over-year sales decline may temper investor enthusiasm. Overall, the earnings beat is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100