Rocky Brands Q3 2024 Adj. EPS $0.77 Misses $0.98 Estimate, Sales $114.554M Miss $120.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rocky Brands reported Q3 2024 earnings per share of $0.77, missing the analyst estimate of $0.98. Sales were $114.554 million, below the expected $120.550 million, and down 8.80% from the previous year.
October 30, 2024 | 8:35 pm
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Rocky Brands' Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.77 versus $0.98 expected and sales at $114.554 million versus $120.550 million expected. Sales also decreased by 8.80% compared to the same period last year.
The significant miss on both EPS and sales compared to analyst estimates, along with a year-over-year sales decline, suggests a negative short-term impact on Rocky Brands' stock price. Investors may react negatively to the earnings miss and sales decline.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100