Duckhorn Portfolio Sees FY24 Adj. EPS $0.67-$0.69 vs $0.70 Est., Net Sales $420M-$430M vs $432.51M Est.
Portfolio Pulse from Benzinga Newsdesk
Duckhorn Portfolio has projected its FY24 adjusted EPS to be between $0.67 and $0.69, lower than the estimated $0.70. The company also expects net sales to range from $420M to $430M, slightly below the estimated $432.51M.
September 27, 2023 | 8:11 pm
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NEGATIVE IMPACT
Duckhorn Portfolio's lower than expected FY24 earnings and sales projections may negatively impact its stock price.
Duckhorn Portfolio's lower than expected earnings and sales projections for FY24 indicate potential financial challenges, which could lead to a decrease in investor confidence and a subsequent drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100