Lakeland Industries Q4 EPS $(0.13) Down From $0.02 YoY, Sales $31.20M Miss $32.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lakeland Industries (NASDAQ:LAKE) reported a Q4 EPS of $(0.13), missing the analyst consensus estimate of $0.30 by 143.33% and marking a 750% decrease from last year's $0.02 EPS. Quarterly sales were $31.20M, missing the $32.50M estimate by 4% but showing a 7.59% increase from last year's $29.00M.
April 11, 2024 | 7:11 am
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NEGATIVE IMPACT
Lakeland Industries reported a significant miss in Q4 EPS and sales, with a 750% decrease in EPS from the previous year and a sales miss by 4%.
The significant miss in both EPS and sales expectations, especially the drastic decrease in EPS year-over-year, is likely to negatively impact investor sentiment and could lead to a short-term decrease in LAKE's stock price. The miss in sales, although smaller, further compounds the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100