Lifetime Brands Q4 Adj. EPS $0.29 Misses $0.33 Estimate, Sales $203.14M Beat $197.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lifetime Brands (NASDAQ:LCUT) reported Q4 adjusted EPS of $0.29, missing the $0.33 estimate, and sales of $203.14M, beating the $197.93M estimate. This represents a 17.14% decrease in EPS and a 1.88% decrease in sales from the same period last year.
March 12, 2024 | 11:03 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lifetime Brands reported a Q4 adjusted EPS of $0.29, missing estimates, and sales of $203.14M, exceeding estimates but showing a YOY decrease.
The miss in the EPS estimate by 12.12% and the year-over-year decrease in both EPS and sales, despite beating sales estimates, suggest a negative short-term impact on LCUT's stock price. Investors typically react unfavorably to earnings misses and declines in performance compared to previous years.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100