Stryve Foods: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Stryve Foods (NASDAQ:SNAX) reported Q4 earnings, beating estimated EPS by 3.0% with an actual EPS of $-1.9 against an estimate of $-1.96. However, revenue decreased by $2.52 million from the same period last year. In the previous quarter, the company missed EPS estimates by $0.01, leading to a 6.0% drop in share price the following day.
April 01, 2024 | 8:45 pm
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Stryve Foods reported a better-than-expected Q4 EPS but saw a decrease in revenue compared to last year. Previous earnings miss led to a significant stock price drop.
While Stryve Foods beat the EPS estimate, the decrease in revenue and historical context of stock price drop following an earnings miss suggest a neutral short-term impact. Investors may react positively to the EPS beat, but concerns over declining revenue could temper gains.
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IMPORTANCE 80
RELEVANCE 100