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Acme United Corporation. (ACU) Q3 Earnings and Revenues Lag Estimates
ACUAcme United(ACU) ZACKS·2024-10-18 15:16

Company Performance - Acme United Corporation reported quarterly earnings of 0.54pershare,missingtheZacksConsensusEstimateof0.54 per share, missing the Zacks Consensus Estimate of 0.73 per share, and down from 0.58pershareayearago,representinganearningssurpriseof−26.030.58 per share a year ago, representing an earnings surprise of -26.03% [1] - The company posted revenues of 48.17 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.08%, and down from 50.38millionyear−over−year[1]−Overthelastfourquarters,AcmeUnitedhassurpassedconsensusEPSestimatestwotimesbuthasnotbeatenconsensusrevenueestimates[1]MarketComparison−AcmeUnitedshareshaveincreasedbyapproximately2.250.38 million year-over-year [1] - Over the last four quarters, Acme United has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] Market Comparison - Acme United shares have increased by approximately 2.2% since the beginning of the year, compared to the S&P 500's gain of 22.5% [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is 0.59 on revenues of 43.62million,andforthecurrentfiscalyear,itis43.62 million, and for the current fiscal year, it is 2.78 on revenues of 196.4million[4]−TheestimaterevisionstrendforAcmeUnitedismixed,resultinginaZacksRank3(Hold),indicatingexpectedperformanceinlinewiththemarketinthenearfuture[4]IndustryContext−TheConsumerProducts−Discretionaryindustry,towhichAcmeUnitedbelongs,iscurrentlyinthebottom38196.4 million [4] - The estimate revisions trend for Acme United is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Consumer Products - Discretionary industry, to which Acme United belongs, is currently in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [5] - Another company in the same industry, Container Store Group, is expected to report a quarterly loss of 0.05 per share, reflecting a year-over-year change of -133.3% [5][6]