Recap: Vintage Wine Estates Q2 Earnings

Vintage Wine Estates VWE reported its Q2 earnings results on Tuesday, March 12, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Vintage Wine Estates missed estimated earnings by -525.0%, reporting an EPS of $-0.75 versus an estimate of $-0.12.

Revenue was down $10.00 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 21.0% drop in the share price the next day.

Here's a look at Vintage Wine Estates's past performance:

Quarter	Q1 2024	Q4 2023	Q2 2023	Q3 2023
EPS Estimate	-0.14	-0.09	0.09	0
EPS Actual	-0.17	-0.24	0.11	-0.17
Revenue Estimate	60.59M	66.87M	82.70M	71.63M
Revenue Actual	73.27M	62.10M	77.99M	69.48M

To track all earnings releases for Vintage Wine Estates visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.