The Duckhorn Portfolio Sees FY24 EPS $0.56-$0.58 Vs $0.59 Est.; Revenue $398M-$408M Vs $400.55M Est.
Portfolio Pulse from Benzinga Newsdesk
The Duckhorn Portfolio has updated its guidance for Fiscal Year 2024, projecting EPS of $0.56-$0.58, below the estimated $0.59. Revenue is expected to be $398M-$408M, close to the estimated $400.55M. The guidance includes sales from Sonoma-Cutrer Vineyards.
June 06, 2024 | 8:27 pm
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NEGATIVE IMPACT
The Duckhorn Portfolio's updated FY24 guidance shows lower-than-expected EPS and revenue close to estimates. This may lead to a short-term negative impact on the stock price.
The updated guidance indicates that EPS will be slightly below market expectations, which could lead to a negative reaction from investors. Revenue projections are close to estimates, but the lower EPS guidance is likely to weigh more heavily on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100