Vintage Wine Estates Q1 EPS $(0.25) Misses $(0.14) Estimate, Sales $73.27M Beat $60.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vintage Wine Estates (NASDAQ:VWE) reported a Q1 EPS loss of $(0.25), missing the $(0.14) estimate by 78.57%, and a 600% decrease from the $0.05 per share profit last year. However, sales of $73.27M exceeded estimates by 20.93% but were down 5.89% from last year's $77.86M.

November 14, 2023 | 9:18 pm
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Vintage Wine Estates reported a larger-than-expected Q1 EPS loss and a decrease in year-over-year earnings, but surpassed sales estimates.
The significant miss on EPS expectations and the sharp decrease in earnings compared to last year are likely to negatively impact investor sentiment in the short term. However, the sales beat might provide some cushion to the negative impact. The mixed results create uncertainty, but the earnings miss is typically weighted more heavily by investors.
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