Recap: Duckhorn Portfolio Q2 Earnings
Portfolio Pulse from Benzinga Insights
Duckhorn Portfolio (NYSE:NAPA) reported its Q2 earnings on March 7, 2024, with an EPS of $0.18, matching the estimate but showing a revenue decrease of $443 thousand from the previous year. This follows a pattern of missed EPS estimates in the past, notably last quarter, which led to a 12% drop in share price the following day.
March 07, 2024 | 9:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Duckhorn Portfolio reported Q2 earnings with an EPS of $0.18, in line with estimates, but saw a revenue decrease from the previous year. Historical data shows past misses have negatively impacted share price.
Given Duckhorn Portfolio's history of share price decline following earnings misses, and the reported revenue decrease, it's likely that the stock may face short-term negative pressure. The exact match of EPS to estimates may not be sufficient to counteract the negative sentiment from the revenue drop, especially considering the historical context of share price drops following earnings misses.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100