Vista Outdoor: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Vista Outdoor (NYSE:VSTO) reported Q3 earnings with an EPS of $0.8, missing estimates by 1.23% against the expected $0.81. Revenue declined by $72.52 million compared to the same period last year. Despite missing EPS estimates last quarter, the stock increased by 1.57% the following day. Historical earnings data shows mixed results in meeting EPS estimates over the past four quarters.
January 31, 2024 | 9:35 pm
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Vista Outdoor reported a slight miss in Q3 earnings with an EPS of $0.8, which was below the estimate of $0.81, and a significant drop in year-over-year revenue.
Missing earnings estimates and reporting lower revenue year-over-year is generally perceived negatively by the market, which could lead to a short-term decline in stock price. However, the stock's previous reaction to an earnings miss was a slight increase, which adds some uncertainty to the forecast.
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IMPORTANCE 75
RELEVANCE 100