Solo Brands Q1 2024 Adj EPS $0.03 Beats undefined Estimate, Sales $85.324M Beat $79.283M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solo Brands (NYSE:DTC) reported Q1 2024 adjusted EPS of $0.03, surpassing the undefined analyst consensus estimate. Quarterly sales reached $85.324M, exceeding expectations by 7.62% but marking a 3.27% decrease from the previous year.
May 09, 2024 | 10:52 am
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Solo Brands reported a Q1 2024 adjusted EPS of $0.03, beating estimates, with sales of $85.324M also surpassing expectations but showing a year-over-year decline.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year decline in sales might temper some of the enthusiasm, hence the importance is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100