Recap: Vintage Wine Estates Q2 Earnings
Portfolio Pulse from Benzinga Insights
Vintage Wine Estates (NASDAQ:VWE) reported Q2 earnings with an EPS of $-0.75, missing estimates by -525.0% and a revenue decrease of $10M from the previous year. The company's past earnings performance shows a pattern of missed EPS estimates leading to significant share price drops.
March 12, 2024 | 9:55 pm
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Vintage Wine Estates reported significantly lower Q2 earnings than expected, with an EPS of $-0.75 versus an estimate of $-0.12, and a revenue decrease from the previous year.
Given the substantial miss in earnings estimates and the historical pattern of share price drops following missed earnings, it's likely that VWE's share price will experience a short-term decline. The magnitude of the miss (-525%) significantly exceeds past discrepancies, suggesting a potentially stronger negative market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100