Dillard's Q3 Adjusted EPS $9.30 May Not Be Comparable To $6.70 Estimate, Sales $1.48B Miss $1.51B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dillard's reported Q3 earnings of $9.30 per share, beating the analyst consensus estimate of $6.70 by 38.81%. However, this is a 15.15% decrease from the same period last year. The company's quarterly sales of $1.48 billion missed the analyst consensus estimate of $1.51 billion by 2.23%, marking a 4.38% decrease from the same period last year.
November 09, 2023 | 12:02 pm
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Dillard's Q3 earnings beat estimates but are down YoY. Sales missed estimates and are also down YoY.
Dillard's beat earnings estimates, which could have a positive impact on the stock. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, could have a negative impact. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100