Westrock Coffee Q1 2024 Adj EPS $(0.12) Misses $(0.04) Estimate, Sales $192.500M Miss $210.977M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westrock Coffee (WEST) reported Q1 2024 adjusted EPS of $(0.12), missing the $(0.04) estimate, with sales of $192.5M also missing the $210.977M estimate. This represents a 6.30% decrease in sales compared to the same period last year.
May 09, 2024 | 8:26 pm
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NEGATIVE IMPACT
Westrock Coffee reported a significant miss in both adjusted EPS and sales for Q1 2024, with a year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially by 200% for EPS, indicates operational challenges or market conditions that could negatively impact investor sentiment and stock price in the short term. The year-over-year decrease in sales further emphasizes the company's current struggles, likely leading to a negative short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100