Alamo Group Q3 2024 GAAP EPS $2.28 Misses $2.50 Estimate, Sales $401.301M Miss $404.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alamo Group (NYSE:ALG) reported Q3 2024 earnings per share of $2.28, missing the analyst estimate of $2.50 and showing a 21.65% decrease from last year. Sales were $401.301M, below the $404.300M estimate and down 4.37% from the previous year.
October 31, 2024 | 8:31 pm
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NEGATIVE IMPACT
Alamo Group's Q3 2024 earnings and sales both missed analyst estimates, with EPS down 21.65% from last year and sales down 4.37%.
The earnings per share and sales figures both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The significant year-over-year decrease in EPS further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100