ACCO Brands Q3 2024 GAAP EPS $0.09 Misses $0.15 Estimate, Sales $420.900M Beat $418.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands reported Q3 2024 earnings per share of $0.09, missing the consensus estimate of $0.15. However, sales were $420.9 million, slightly beating the estimate of $418.2 million. Sales decreased by 6.05% compared to the same period last year.
October 31, 2024 | 8:09 pm
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NEGATIVE IMPACT
ACCO Brands' Q3 2024 earnings per share missed expectations, coming in at $0.09 compared to the $0.15 estimate. Sales were slightly above expectations at $420.9 million but showed a year-over-year decline of 6.05%.
The significant miss on EPS is likely to negatively impact ACCO's stock price in the short term, despite the slight beat in sales. The year-over-year decline in sales further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100