Why Vera Bradley Shares Are Surging Today
Portfolio Pulse from Nabaparna Bhattacharya
Vera Bradley reported a Q1 FY24 revenue decline of 4.2% YoY to $94.36 million, missing the consensus of $99.67 million. Adjusted EPS was $(0.09) loss, beating the estimate of $(0.20) loss. The company raised its FY24 EPS guidance and maintained its revenue guidance. VRA shares are trading higher by 19.3% at $6.25.
June 07, 2023 | 4:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Vera Bradley's Q1 FY24 revenue declined, but adjusted EPS beat estimates. The company raised its FY24 EPS guidance, and shares are up 19.3%.
Vera Bradley's Q1 FY24 revenue missed the consensus, but the adjusted EPS beat estimates. The company raised its FY24 EPS guidance, which is a positive signal for investors. This news has led to a surge in the stock price, indicating a short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100