MYT Netherlands Parent Q1 EPS $(0.15) Misses $(0.05) Estimate, Sales $205.36M Beat $188.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
MYT Netherlands Parent (NYSE:MYTE) reported a Q1 EPS of $(0.15), missing the $(0.05) estimate by 200%, and a 314.29% decrease from last year's $0.07 EPS. However, Q1 sales of $205.36M exceeded estimates by 8.66% and grew 15.81% from the previous year.
November 28, 2023 | 11:10 am
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MYT Netherlands Parent's Q1 EPS significantly missed estimates and showed a sharp decline from the previous year, while sales figures beat estimates and showed growth.
The significant miss in EPS is likely to have a negative impact on investor sentiment in the short term, despite the positive sales figures. Earnings misses can often overshadow sales beats in terms of immediate stock price reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100