Duckhorn Earnings: What To Look For From NAPA

Petr Huřťák /
2024/06/05 3:01 am EDT

Wine company The Duckhorn Portfolio (NYSE:NAPA) will be announcing earnings results tomorrow after market close. Here's what investors should know.

Duckhorn missed analysts' revenue expectations by 2% last quarter, reporting revenues of $103 million, flat year on year. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.

Is Duckhorn a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Duckhorn's revenue to be flat year on year at $92.15 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.

Duckhorn Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 6 downward revisions over the last 30 days. Duckhorn has missed Wall Street's revenue estimates twice over the last two years.

Looking at Duckhorn's peers in the beverages and alcohol segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Boston Beer delivered year-on-year revenue growth of 3.9%, beating analysts' expectations by 3.3%, and Molson Coors reported revenues up 10.7%, topping estimates by 3.7%. Boston Beer traded down 1.5% following the results while Molson Coors was also down 10.2%.

Read our full analysis of Boston Beer's results here and Molson Coors's results here.

Investors in the beverages and alcohol segment have had steady hands going into earnings, with share prices flat over the last month. Duckhorn is down 1.6% during the same time and is heading into earnings with an average analyst price target of $9.9 (compared to the current share price of $7.92).

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