The EPS of SITE in Q2 2024 was $2.631. SiteOne Landscape Supply, Inc. (SITE) experienced an EPS growth in Q2 2024 due to several key factors:
- Earnings Estimate Boost: William Blair, an investment analysis firm, boosted its Q2 2024 EPS estimates for SITE, indicating a positive outlook on the company's performance for the period23. This uplift in estimates can often precede an actual EPS growth, as it reflects analysts' expectations of improved profitability.
- Organic Daily Sales Increase: Although specific figures are not provided, the company reported an increase in Organic Daily Sales, which is a positive signal for revenue growth. This can contribute to higher EPS as the revenue growth is likely to be accompanied by improved profitability margins4.
In conclusion, the EPS growth of SITE in Q2 2024 was likely driven by a combination of factors including earnings estimate boost by William Blair and increase in Organic Daily Sales.
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