Duckhorn Portfolio Q3 Adj $0.14 Misses $0.15 Estimate, Sales $92.53M Miss $93.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duckhorn Portfolio (NYSE:NAPA) reported Q3 earnings of $0.14 per share, missing the analyst estimate of $0.15. Sales were $92.53 million, also below the $93.60 million estimate. Earnings decreased by 12.5% year-over-year, while sales increased by 1.41%.
June 06, 2024 | 8:26 pm
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NEGATIVE IMPACT
Duckhorn Portfolio's Q3 earnings and sales both missed analyst estimates. Earnings per share were $0.14, below the $0.15 estimate, and sales were $92.53 million, below the $93.60 million estimate. This could lead to a short-term negative impact on the stock price.
The company's earnings and sales both missed analyst estimates, which is typically viewed negatively by investors. The decrease in earnings per share compared to the same period last year further adds to the negative sentiment. This is likely to result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100