Rocky Brands Q4 2023 Adj EPS $0.98 Misses $1.02 Estimate, Sales $125.95M Miss $131.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rocky Brands (NASDAQ:RCKY) reported Q4 2023 earnings of $0.98 per share, missing the $1.02 estimate, and sales of $125.95M, missing the $131.60M estimate. This represents a decrease from the previous year's earnings and sales.
February 28, 2024 | 9:56 pm
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NEGATIVE IMPACT
Rocky Brands reported lower than expected Q4 2023 earnings and sales, missing analyst estimates and showing a decrease from the previous year.
Missing earnings and sales estimates, especially with a year-over-year decrease, typically leads to negative investor sentiment and can result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100