Jerash Holdings (US) Q4 EPS $(0.25) Misses $(0.09) Estimate, Sales $21.57M Beat $21.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jerash Holdings (US) (NASDAQ:JRSH) reported Q4 EPS of $(0.25), missing the $(0.09) estimate by 177.78%. Sales were $21.57M, beating the $21.35M estimate by 1.05%. EPS decreased by 56.25% YoY, while sales decreased by 9.25% YoY.
June 27, 2024 | 12:28 pm
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NEGATIVE IMPACT
Jerash Holdings (US) reported a significant miss on Q4 EPS, with a loss of $(0.25) per share compared to the $(0.09) estimate. Sales slightly beat expectations but were down year-over-year.
The significant miss on EPS is likely to negatively impact investor sentiment and the stock price in the short term, despite the slight beat on sales. The year-over-year decline in both EPS and sales further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100