Duluth Holdings Q4 EPS $0.21 Misses $0.27 Estimate, Sales $245.61M Beat $242.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings (NASDAQ:DLTH) reported Q4 earnings of $0.21 per share, missing the consensus estimate of $0.27, and sales of $245.61M, beating the estimate of $242.50M. Earnings per share decreased by 8.7% from the same period last year, while sales increased by 1.59%.
March 07, 2024 | 10:47 am
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NEGATIVE IMPACT
Duluth Holdings reported lower-than-expected Q4 EPS at $0.21, missing estimates by 22.22%, but exceeded sales estimates with $245.61M, a 1.59% YOY increase.
The miss in EPS is likely to negatively impact investor sentiment in the short term, overshadowing the slight beat in sales. Historically, earnings misses have a more immediate negative effect on stock prices than sales beats have a positive one, especially when the miss is significant (22.22% in this case).
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100