Acme United(US:ACU) ZACKSยท2024-07-19 15:15Company Performance - Acme United Corporation reported quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of $0.94 per share, and up from $0.96 per share a year ago, representing an earnings surprise of 15.96% [1] - The company posted revenues of $55.43 million for the quarter ended June 2024, which missed the Zacks Consensus Estimate by 1.90%, compared to revenues of $53.34 million in the same quarter last year [1] - Over the last four quarters, Acme United has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] Stock Performance - Acme United shares have declined approximately 13.6% since the beginning of the year, while the S&P 500 has gained 16.2% [2] - The current Zacks Rank for Acme United is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.72 on revenues of $53 million, and for the current fiscal year, it is $2.53 on revenues of $202.9 million [4] - The trend of estimate revisions for Acme United is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Consumer Products - Discretionary industry, to which Acme United belongs, is currently ranked in the bottom 12% of over 250 Zacks industries, which may negatively impact stock performance [5] - Traeger, another company in the same industry, is expected to report quarterly earnings of $0.06 per share, reflecting a year-over-year increase of 50%, with revenues projected at $167.07 million, down 2.6% from the previous year [5]