YETI shares are trading lower after the company reported Q4 financial results that missed estimates and guided FY24 earnings below consensus.
Portfolio Pulse from Benzinga Newsdesk
YETI shares are trading lower following the release of their Q4 financial results, which fell short of estimates. Additionally, the company's guidance for FY24 earnings is below the consensus expectations.
February 15, 2024 | 11:53 am
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NEGATIVE IMPACT
YETI's Q4 financial results did not meet expectations, and the company's forecast for FY24 earnings is also below consensus, leading to a decrease in stock price.
Financial results that miss estimates typically lead to negative investor sentiment and a decrease in stock price. YETI's guidance for FY24 earnings being below consensus further exacerbates this effect, as it suggests future profitability may also be lower than expected.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100