Distribution Solns Gr Q3 2024 Adj. EPS $0.37 Misses $0.40 Estimate, Sales $468.019M Beat $466.367M Estimate
Portfolio Pulse from Benzinga Newsdesk
Distribution Solutions Group (NASDAQ:DSGR) reported Q3 2024 earnings per share of $0.37, missing the consensus estimate of $0.40. However, the company exceeded sales expectations with $468.019 million, a 6.63% increase from the previous year.
October 31, 2024 | 11:32 am
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Distribution Solutions Group reported Q3 2024 EPS of $0.37, missing the $0.40 estimate, but sales of $468.019M beat expectations and increased 6.63% YoY.
The mixed earnings report, with EPS missing but sales beating expectations, suggests potential short-term volatility in DSGR's stock price. The sales beat and YoY growth are positive, but the EPS miss could weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100