Tennant Q3 Adj $1.39 Misses $1.43 Estimate, Sales $315.80M Miss $319.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tennant Company (NYSE:TNC) reported Q3 earnings of $1.39 per share, missing the analyst estimate of $1.43. Sales were $315.80M, below the $319.40M estimate. Despite missing estimates, both earnings and sales showed year-over-year growth.
October 31, 2024 | 8:23 pm
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NEGATIVE IMPACT
Tennant's Q3 earnings and sales missed analyst estimates, with EPS at $1.39 vs. $1.43 expected and sales at $315.80M vs. $319.40M expected. Despite the miss, both metrics showed year-over-year growth.
Tennant's earnings and sales both missed analyst expectations, which is typically seen as a negative indicator for short-term stock performance. However, the year-over-year growth in both earnings and sales may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100