Beyond Meat Q4 2023 Adj EPS $(2.40) Misses $(0.88) Estimate, Sales $73.70M Beat $66.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat reported Q4 2023 adjusted EPS of $(2.40), missing the $(0.88) estimate, but sales of $73.30M exceeded the $66.66M estimate. This represents a 8.30% decrease in sales compared to the same period last year.
February 27, 2024 | 9:16 pm
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NEGATIVE IMPACT
Beyond Meat's Q4 2023 earnings report showed a significant miss on adjusted EPS but exceeded sales expectations. Year-over-year sales decreased by 8.30%.
The significant miss on the EPS estimate is likely to negatively impact investor sentiment in the short term, overshadowing the sales beat. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100