Unifi Q4 Adj EPS $(0.39) Misses $(0.29) Estimate, Sales $151.06M Beat $147.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Unifi (NYSE:UFI) reported Q4 adjusted losses of $(0.39) per share, missing the analyst consensus estimate of $(0.29) by 34.48%. This is a 454.55% decrease over earnings of $0.11 per share from the same period last year. However, the company's quarterly sales of $151.06 million beat the analyst consensus estimate of $147.90 million by 2.14%, despite being a 30.57% decrease from the same period last year.
August 23, 2023 | 8:17 pm
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Unifi's Q4 earnings missed estimates significantly, with a 454.55% decrease YoY. However, sales beat estimates by 2.14%, despite a 30.57% decrease YoY.
Unifi's significant miss on earnings estimates and the large YoY decrease in earnings are negative signals that could lead to a decrease in the stock price. However, the beat on sales estimates and the fact that the decrease in sales YoY was less than the decrease in earnings could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100