Unifi Q1 2024 EPS $(0.73) Misses $(0.47) Estimate, Sales $138.84M Miss $151.55M Estimate
Portfolio Pulse from vinayak@benzinga.com
Unifi (NYSE:UFI) reported Q1 2024 earnings per share (EPS) of $(0.73), missing the analyst consensus estimate of $(0.47) by 55.32%. This is a 65.91% decrease from the same period last year. The company also reported quarterly sales of $138.84 million, missing the analyst consensus estimate of $151.55 million by 8.38%. This is a 22.66% decrease from the same period last year.
November 01, 2023 | 9:00 pm
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NEGATIVE IMPACT
Unifi's Q1 2024 earnings and sales missed estimates, with significant decreases compared to the same period last year. This could negatively impact the company's stock price in the short term.
Unifi's earnings and sales for Q1 2024 missed analyst estimates by significant margins, and also showed substantial decreases compared to the same period last year. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100