Destination XL Group Q1 EPS $0.06 Beats $0.04 Estimate, Sales $115.49M Miss $118.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Destination XL Group (NASDAQ:DXLG) reported Q1 earnings per share (EPS) of $0.06, beating the analyst estimate of $0.04. However, sales of $115.49 million missed the $118.00 million estimate. EPS decreased by 45.45% year-over-year, and sales decreased by 7.93% year-over-year.
May 30, 2024 | 11:06 am
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Destination XL Group reported Q1 EPS of $0.06, beating estimates by 50%, but sales of $115.49M missed expectations. EPS and sales both decreased year-over-year.
While the EPS beat estimates, the significant year-over-year decrease in both EPS and sales, along with the sales miss, creates a mixed outlook. This could lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100