Aarons Q4 2023 Adj EPS $(0.26) Misses $0.03 Estimate, Sales $529.48M Miss $542.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Aarons (NYSE:AAN) reported Q4 2023 adjusted EPS of $(0.26), missing the $0.03 estimate, with sales of $529.48M also missing the $542.07M estimate. This represents a 10.19% decrease in sales compared to the same period last year.
February 26, 2024 | 10:10 pm
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NEGATIVE IMPACT
Aarons reported a significant miss in both EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss in both EPS and sales estimates, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss in EPS (966.67%) is particularly concerning, indicating operational challenges that could affect future profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100