Recap: Whole Earth Brands Q4 Earnings
Portfolio Pulse from Benzinga Insights
Whole Earth Brands (NASDAQ:FREE) reported Q4 earnings with an EPS of $-0.17, missing estimates by -1800% compared to the expected $0.01. Revenue increased by $12.27 million from the same period last year. Despite past earnings misses, the company's share price increased by 8.0% the day after last quarter's earnings were announced.
March 12, 2024 | 9:50 pm
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Whole Earth Brands reported a significant miss in Q4 earnings with an EPS of $-0.17, far below the expected $0.01, but showed an increase in revenue by $12.27 million from the previous year.
The significant miss in EPS expectations for Whole Earth Brands is likely to negatively impact investor confidence and could lead to a short-term decrease in stock price, despite the increase in revenue. Historical data shows that past earnings misses were followed by an increase in share price, but the magnitude of this miss (-1800%) is substantially higher, which could lead to a different market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100