Williams-Sonoma: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Williams-Sonoma (NYSE:WSM) reported Q1 earnings with an EPS of $2.64, beating estimates by 11.39%. However, revenue was down $116 million from the same period last year.
May 23, 2023 | 1:07 pm
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Williams-Sonoma's Q1 earnings beat estimates with an EPS of $2.64, but revenue was down $116 million YoY.
Williams-Sonoma's Q1 earnings beat estimates, which could have a positive impact on the stock price. However, the decline in revenue compared to the same period last year may offset the positive sentiment. Last quarter, the company beat EPS estimates but saw a 2.58% drop in share price the next day. Given this mixed performance, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100