Xcel Brands Q1 2024 Adj EPS $(0.09) Beats $(0.18) Estimate, Sales $2.184M Miss $2.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Brands (NASDAQ:XELB) reported Q1 2024 adjusted EPS of $(0.09), beating the analyst estimate of $(0.18) by 50%. However, sales of $2.184 million missed the $2.200 million estimate by 0.70%.
May 20, 2024 | 9:38 pm
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Xcel Brands reported better-than-expected Q1 2024 EPS, beating estimates by 50%. However, sales slightly missed expectations by 0.70%.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. Investors often prioritize earnings performance over minor sales deviations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100