Recap: Natural Grocers Q1 Earnings
Portfolio Pulse from Benzinga Insights
Natural Grocers (NYSE:NGVC) reported Q1 earnings with an EPS of $0.34, beating estimates by 78.95% against an expected $0.19. Revenue increased by $21.29 million from the same period last year. The company had previously beaten EPS estimates last quarter, leading to a 22.42% share price increase the following day.
February 08, 2024 | 9:25 pm
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Natural Grocers reported a significant beat on Q1 earnings with an EPS of $0.34 against estimates of $0.19 and saw a revenue increase of $21.29 million from the previous year.
Natural Grocers' substantial beat on earnings estimates and the historical response of a 22.42% stock price increase following last quarter's earnings beat suggest a positive short-term impact on NGVC's stock price. The company's consistent performance in surpassing earnings expectations and revenue growth are key indicators of its financial health and investor confidence, potentially leading to an uptick in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100