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Birkenstock (BIRK) Q4 Earnings and Revenues Top Estimates
Birkenstock plcBirkenstock plc(US:BIRK) ZACKSยท2024-12-18 13:06

Financial Performance - Birkenstock reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, compared to a loss of $0.16 per share a year ago, representing an earnings surprise of 23.08% [1] - The company posted revenues of $500.9 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 8.38%, and up from $407.65 million in the same quarter last year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $375.55 million, and for the current fiscal year, it is $1.78 on revenues of $2.22 billion [8] - The estimate revisions trend for Birkenstock is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [7] Industry Context - The Shoes and Retail Apparel industry, to which Birkenstock belongs, is currently in the top 16% of over 250 Zacks industries, suggesting a favorable industry outlook [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [6]