The Duckhorn Portfolio stock gains 4% on Q3 beat & lifted outlook

The Duckhorn Portfolio, Inc. (NAPA) shares rose more than 4% after-hours following the company’s reported with EPS of $0.16 coming in better than the consensus estimate of $0.12. Revenue fell 0.4% year-over-year to $91.2 million, beating the consensus estimate of $89.79M.

“Given our consistent out-performance year-to-date and confidence in sustained momentum for the balance of the year, we are pleased to again be upwardly revising our Fiscal 2023 guidance,” said CEO Alex Ryan.

For 2023, the company expects EPS in the range of $0.64-$0.66, compared to the consensus of $0.64, and revenue in the range of $400-$404M, compared to the consensus of $402.56M.