Dorman Prods Q3 2024 Adj. EPS $1.96 Beats $1.53 Estimate, Sales $503.773M Miss $510.153M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dorman Products reported Q3 2024 earnings per share of $1.96, surpassing the analyst estimate of $1.53, marking a 40% increase from the previous year. However, sales of $503.773 million fell short of the $510.153 million estimate, despite a 3.19% year-over-year increase.
October 31, 2024 | 8:26 pm
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POSITIVE IMPACT
Dorman Products reported strong Q3 2024 earnings per share of $1.96, beating estimates by 28.1%, but sales slightly missed expectations. The EPS growth of 40% year-over-year is a positive indicator, though the sales miss may temper investor enthusiasm.
The significant beat on EPS suggests strong profitability and operational efficiency, which is likely to positively impact the stock price. However, the sales miss, albeit slight, could moderate the positive sentiment. Overall, the strong EPS performance is likely to outweigh the sales miss in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100