Zepp Health Q4 2023 Adj EPS $0.01 Misses $0.30 Estimate, Sales $84.500M Miss $675.703M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zepp Health (NYSE:ZEPP) reported Q4 2023 earnings of $0.01 per share, missing the $0.30 estimate by 96.67%. Quarterly sales were $84.5M, missing the $675.703M estimate by 87.49%, and representing a 45.62% decrease from the same period last year.
March 18, 2024 | 9:03 pm
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NEGATIVE IMPACT
Zepp Health reported significantly lower Q4 2023 earnings and sales than expected, missing estimates by a wide margin.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year sales decrease, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100