Village Farms Intl Q2 2024 GAAP EPS $(0.21) Misses $(0.03) Estimate, Sales $92.100M Beat $84.275M Estimate
Portfolio Pulse from Benzinga Newsdesk
Village Farms Intl (NASDAQ:VFF) reported Q2 2024 GAAP EPS of $(0.21), missing the $(0.03) estimate by 600%. However, sales of $92.1M beat the $84.275M estimate by 9.28%, marking a 19.28% increase from the same period last year.
August 08, 2024 | 11:10 am
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NEUTRAL IMPACT
Village Farms Intl reported a significant EPS miss but a notable sales beat for Q2 2024. The EPS of $(0.21) missed the $(0.03) estimate by 600%, while sales of $92.1M beat the $84.275M estimate by 9.28%, showing a 19.28% YoY increase.
The significant EPS miss is a negative indicator, but the strong sales beat and YoY growth provide a positive counterbalance. The mixed results are likely to result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100