What To Expect From Duckhorn’s (NAPA) Q2 Earnings

Petr Huřťák /
2024/03/06 2:02 am EST

Wine company The Duckhorn Portfolio (NYSE:NAPA) will be reporting earnings tomorrow after market hours. Here's what you need to know.

Last quarter Duckhorn reported revenues of $102.5 million, down 5.2% year on year, missing analyst expectations by 1%. It was a weaker quarter for the company, with a miss of analysts' earnings estimates.

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

This quarter analysts are expecting Duckhorn's revenue to grow 1.6% year on year to $105.1 million, slowing down from the 4.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

Duckhorn Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 3.3%.

Looking at Duckhorn's peers in the beverages and alcohol segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Monster delivered top-line growth of 14.4% year on year, missing analyst estimates by 1.5% and Coca-Cola reported revenues up 7.4% year on year, exceeding estimates by 2.8%. Both stocks (Monster and Coca-Cola) traded flat on the results.

Read our full analysis of Monster's results here and Coca-Cola's results here.

Investors in the beverages and alcohol segment have had steady hands going into the earnings, with the stocks up on average 0.7% over the last month. Duckhorn is up 8.5% during the same time, and is heading into the earnings with analyst price target of $12.6, compared to share price of $9.4.

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