Lee Enterprises Q4 EPS $(0.32) Misses $1.40 Estimate, Sales $164.01M Miss $173.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lee Enterprises reported a Q4 EPS loss of $(0.32), significantly missing the analyst consensus estimate of $1.40. Sales were also below expectations at $164.01M, missing the $173.40M estimate and marking a 15.30% decrease from the previous year.
December 07, 2023 | 12:02 pm
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NEGATIVE IMPACT
Lee Enterprises missed Q4 EPS estimates by a wide margin and also reported lower sales compared to last year, indicating potential financial challenges.
The significant miss in both EPS and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the year-over-year decline in sales are critical factors that investors will consider.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100