Carter's Q4 Adj. EPS $2.76 Beats $2.61 Estimate, Sales $857.86M Miss $867.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carter's Q4 adjusted EPS of $2.76 exceeded the $2.63 estimate, a 20.52% increase YOY. However, sales of $857.86M fell short of the $869.05M estimate, marking a 5.95% decrease YOY.
February 27, 2024 | 11:14 am
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Carter's Q4 earnings surpassed expectations with an EPS of $2.76, but sales missed estimates, indicating mixed financial health.
The beat on EPS suggests operational efficiency and profitability, which could positively influence investor sentiment. However, the miss on sales forecasts could raise concerns about growth and demand, potentially offsetting the positive EPS impact. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100