Rocky Brands Q1 2024 Adj EPS $0.41 Beats $0.02 Estimate, Sales $112.906M Beat $106.368M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rocky Brands (NASDAQ:RCKY) reported Q1 2024 adjusted EPS of $0.41, surpassing the $0.02 estimate, a 1950% beat. Quarterly sales reached $112.906M, exceeding the $106.368M forecast by 6.15%, marking a 2.23% increase from the previous year.
April 30, 2024 | 8:15 pm
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Rocky Brands reported a significant earnings beat for Q1 2024 with an EPS of $0.41, far exceeding the $0.02 estimate, and sales of $112.906M, surpassing the $106.368M estimate.
The substantial beat on both earnings per share and sales estimates for Rocky Brands indicates strong financial performance and operational efficiency. This significant outperformance, especially the EPS beat by 1950%, is likely to instill investor confidence and could lead to a positive short-term impact on RCKY's stock price. The comparison to the previous year's loss and the current year's sales growth further underscores the company's turnaround and growth trajectory.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100