Recap: Delta Apparel Q1 Earnings
Portfolio Pulse from Benzinga Insights
Delta Apparel (AMEX:DLA) reported Q1 earnings with an EPS of $-0.94, missing estimates by 3.3% and showing a revenue decrease of $27.36 million from the previous year. The company's past earnings performance shows a mixed track record, with the last quarter's EPS beating estimates but followed by a 15.45% drop in share price.
February 12, 2024 | 9:20 pm
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Delta Apparel reported a disappointing Q1 with an EPS miss and a significant revenue drop from the previous year. The company's stock price may be negatively impacted in the short term, considering its history of price drops following earnings reports.
Delta Apparel's Q1 earnings miss and year-over-year revenue decline are likely to negatively impact investor sentiment, especially given the historical context of a 15.45% share price drop following last quarter's earnings beat. This pattern suggests that even positive surprises have not sustained investor confidence, making a negative report more likely to depress the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100