Dillard's: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Dillard's (NYSE:DDS) reported its Q3 earnings, beating estimated earnings by 38.81% with an EPS of $9.3, against an estimate of $6.7. However, revenue was down $96.70 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 1.56% drop in the share price the next day.
November 09, 2023 | 12:15 pm
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NEUTRAL IMPACT
Dillard's beat Q3 earnings estimates but saw a decrease in revenue compared to last year. Previous earnings beat was followed by a share price drop.
While Dillard's beat earnings estimates, the decrease in revenue and the historical trend of share price dropping after an earnings beat could potentially neutralize any positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100