YETI Holdings: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
YETI Holdings (NYSE:YETI) reported its Q3 earnings results, beating estimated earnings by 11.11% with an EPS of $0.6 versus an estimate of $0.54. Revenue was up $5 thousand from the same period last year. Last quarter, the company beat on EPS by $0.1, which was followed by a 3.27% drop in the share price the next day.
November 09, 2023 | 11:05 am
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YETI Holdings reported better than expected Q3 earnings, but past performance shows a drop in share price following a beat on EPS.
YETI Holdings reported a strong Q3 earnings beat, which is generally positive news for the stock. However, the company's share price dropped after a similar beat last quarter, suggesting that investors may have already priced in the positive earnings news. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100