Vista Outdoor Q1 EPS $1.12 Beats $1.03 Estimate, Sales $693.33M Miss $714.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor (NYSE:VSTO) reported Q1 earnings of $1.12 per share, beating the analyst consensus estimate of $1.03 by 8.74%. However, this is a 51.52% decrease from last year's earnings. The company's quarterly sales of $693.33 million missed the analyst consensus estimate of $714.76 million by 3.00%, marking a 13.62% decrease from last year.
July 26, 2023 | 8:04 pm
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Vista Outdoor's Q1 earnings beat estimates but are significantly lower than last year. Sales also missed estimates and are down from last year.
Vista Outdoor's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100