Reported Earlier, Escalade Q4 EPS $0.21 Up From $0.20 YoY, Sales $65.51M Miss $67.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Escalade (NASDAQ:ESCA) reported a Q4 EPS of $0.21, a 5% increase from $0.20 YoY, but missed sales estimates with $65.51M against the expected $67.09M, marking a 9.19% decrease from last year's $72.14M.
April 01, 2024 | 10:05 am
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Escalade reported a slight increase in Q4 EPS to $0.21 from $0.20 YoY but missed sales estimates, with a 9.19% decrease from the previous year.
The slight increase in EPS indicates some level of profitability and operational efficiency. However, the miss on sales estimates and the significant year-over-year decrease in sales could signal underlying issues in demand or market competition, likely leading to a negative short-term impact on the stock price.
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