Vista Outdoor Q3 Adj EPS $0.80 Misses $0.81 Estimate, Sales $682.25M Miss $687.67M Estimate
Portfolio Pulse from totan@benzinga.com
Vista Outdoor Inc. (VSTO) reported Q3 adjusted earnings per share (EPS) of $0.80, missing the consensus estimate of $0.81 by 1.23%. Year-over-year, this represents a 38.46% decrease from $1.30 per share. Quarterly sales were $682.25M, falling short of the $687.67M estimate by 0.79% and marking a 9.61% decline from $754.77M in the same period last year.
January 31, 2024 | 9:32 pm
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Vista Outdoor Inc. reported lower-than-expected Q3 earnings and sales, with significant declines from the previous year.
Missing both EPS and sales estimates, especially with a notable year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in VSTO's stock price.
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