VIZIO Holding: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
VIZIO Holding (NYSE:VZIO) reported Q4 earnings with an EPS of $0.07, significantly beating the estimate of $0.01 by 600%. However, revenue decreased by $30.90 million compared to the same period last year. The company has a history of beating EPS estimates, which previously led to a 27% increase in share price the following day.
February 27, 2024 | 9:40 pm
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POSITIVE IMPACT
VIZIO Holding reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year. The company has a history of positive market reaction following earnings beats.
VIZIO Holding's substantial beat on earnings estimates is likely to positively impact its stock price in the short term, similar to the past quarter's 27% increase following an earnings beat. However, the decrease in revenue year-over-year introduces a note of caution, potentially moderating the extent of the positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100