Valvoline Q4 Adj EPS $0.39 Misses $0.41 Estimate, Sales $390.00M Beat $388.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Valvoline (NYSE:VVV) reported Q4 adjusted earnings of $0.39 per share, missing the analyst consensus estimate of $0.41 by 4.88%. However, the company's quarterly sales of $390.00 million beat the estimate of $388.81 million by 0.31%, marking a 16.28% increase from the same period last year.
November 09, 2023 | 12:15 pm
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Valvoline's Q4 earnings missed estimates but sales exceeded expectations, indicating mixed financial performance.
Valvoline's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat and YoY growth could offset this impact as it shows strong demand for the company's products.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100