Vestis Q1 2024 Adj EPS $0.22, Inline, Sales $717.90M Miss $724.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vestis (NYSE:VSTS) reported Q1 2024 earnings of $0.22 per share, meeting analyst estimates, but missed sales forecasts with $717.90M versus the expected $724.72M. This represents a 2.45% increase in sales compared to the same period last year.
February 07, 2024 | 12:35 pm
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Vestis reported Q1 2024 earnings per share of $0.22, aligning with estimates, but missed revenue expectations by reporting $717.90M against a forecast of $724.72M.
Vestis meeting its EPS estimate but missing on revenue forecasts could lead to a neutral short-term impact on its stock price. Investors might react positively to the company meeting EPS estimates, but the missed revenue forecast could temper any potential gains. The slight increase in sales year-over-year indicates growth, which could mitigate negative reactions to the revenue miss.
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