Clarus Q4 2023 Adj EPS $(0.070) Misses $0.090 Estimate, Sales $76.503M Miss $84.487M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clarus (NASDAQ:CLAR) reported Q4 2023 adjusted EPS of $(0.070), missing the $0.090 estimate, and sales of $76.503M, missing the $84.487M estimate. This represents a 3.61% increase in sales compared to the same period last year.
March 07, 2024 | 9:48 pm
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Clarus reported a significant miss in both adjusted EPS and sales for Q4 2023, with adjusted EPS missing estimates by 177.78% and sales missing by 9.45%, although sales grew by 3.61% YOY.
The significant miss in both adjusted EPS and sales for Clarus in Q4 2023 is likely to negatively impact investor sentiment and the stock price in the short term. Missing analyst estimates by such a wide margin can lead to a loss of investor confidence and potential sell-off, despite the slight year-over-year growth in sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100