Recap: Grocery Outlet Holding Q4 Earnings
Portfolio Pulse from Benzinga Insights
Grocery Outlet Holding (NASDAQ:GO) reported Q4 earnings with an EPS of $0.18, beating estimates by 12.0% against an expected $0.16. Revenue increased by $58.99 million from the previous year. Despite beating last quarter's EPS estimate, the share price dropped by 5.0% the following day. Historical earnings performance shows consistent beats on EPS estimates over the past four quarters.
February 27, 2024 | 9:05 pm
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NEUTRAL IMPACT
Grocery Outlet Holding reported a 12.0% beat on Q4 earnings estimates with an EPS of $0.18 and a significant year-over-year revenue increase. Despite a history of beating EPS estimates, past performance saw a 5.0% drop in share price following earnings announcements.
While Grocery Outlet Holding beat Q4 earnings estimates and showed revenue growth, historical data indicates that beating earnings estimates has previously led to a short-term drop in share price. This mixed signal suggests a neutral short-term impact on the stock, as positive earnings could be offset by past trends of post-earnings share price declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100