APi Gr Q3 2024 Adj. EPS $0.51, Inline, Sales $1.826B Miss $1.872B Estimate
Portfolio Pulse from Benzinga Newsdesk
APi Group (NYSE:APG) reported Q3 2024 earnings per share of $0.51, meeting analyst expectations. However, the company's sales of $1.826 billion fell short of the $1.872 billion estimate, marking a 2.44% miss. Despite this, sales increased by 2.35% compared to the same period last year.
October 31, 2024 | 11:31 am
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APi Group's Q3 2024 earnings per share met expectations, but sales missed estimates by 2.44%. Sales increased by 2.35% year-over-year.
While APi Group's earnings per share met expectations, the miss on sales estimates by 2.44% could negatively impact investor sentiment in the short term. The year-over-year sales growth of 2.35% is a positive sign, but the miss on expectations is likely to weigh more heavily on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100