Recap: Boot Barn Holdings Q3 Earnings
Portfolio Pulse from Benzinga Insights
Boot Barn Holdings (NYSE:BOOT) reported Q3 earnings with an EPS of $1.81, slightly beating the estimate of $1.79. Revenue increased by $5.85 million compared to the same period last year. The company had previously beaten EPS estimates last quarter, which led to an 8.58% rise in share price the following day.
January 31, 2024 | 9:15 pm
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POSITIVE IMPACT
Boot Barn Holdings reported a positive Q3 earnings beat with an EPS of $1.81, exceeding the estimate by 1.12% and showing a revenue increase from the previous year.
Given BOOT's history of stock price increase following an earnings beat last quarter, the current earnings beat is likely to result in a positive short-term impact on the stock price. The beat was marginal, but consistent positive performance can bolster investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100