YETI Holdings Q4 Adj EPS $0.90 Misses $0.96 Estimate, Sales $519.79M Miss $535.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
YETI Holdings reported Q4 adjusted earnings of $0.90 per share, missing the consensus estimate of $0.96, and sales of $519.79M, missing the estimate of $535.95M. Despite the misses, both earnings and sales increased from the same period last year by 15.38% and 16.03% respectively.
February 15, 2024 | 11:02 am
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NEGATIVE IMPACT
YETI Holdings missed Q4 earnings and sales estimates but showed year-over-year growth in both metrics.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth. Investors often react to earnings misses by adjusting their expectations and potentially selling off shares, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100