Recap: Sportsman's Warehouse Q3 Earnings
Portfolio Pulse from Benzinga Insights
Sportsman's Warehouse (NASDAQ:SPWH) reported Q3 earnings with an EPS of $-0.01, significantly beating the estimate of $-0.12. However, revenue declined by $19.15 million compared to the same period last year. The company's stock price had previously dropped by 26% following a missed EPS estimate last quarter.
December 06, 2023 | 9:25 pm
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Sportsman's Warehouse reported a better-than-expected Q3 EPS, which could positively influence investor sentiment despite a decrease in revenue year-over-year.
The significant beat on the EPS estimate is likely to be viewed positively by investors, especially considering the previous quarter's stock price reaction to an earnings miss. However, the decline in revenue may temper some of the optimism, leading to a mixed but overall positive short-term impact.
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IMPORTANCE 75
RELEVANCE 100