Acme United Corporation. (ACU) Q3 Earnings and Revenues Lag Estimates

Company Performance - Acme United Corporation reported quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.73 per share, and down from $0.58 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 $50.38 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 $43.62 million, and for the current fiscal year, it is $2.78 on revenues of $196.4 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]