Energy Vault Holdings Q2 EPS $(0.18) Beats $(0.20) Estimate, Sales $39.68M Miss $55.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Vault Holdings (NYSE:NRGV) reported Q2 losses of $(0.18) per share, beating the analyst consensus estimate of $(0.20) by 10 percent. However, the company's quarterly sales of $39.68 million missed the analyst consensus estimate of $55.30 million by 28.25 percent.
August 08, 2023 | 11:36 am
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NEUTRAL IMPACT
Energy Vault Holdings reported better than expected Q2 EPS but missed on sales.
The company's earnings per share beat estimates, which could be seen as a positive by investors. However, the missed sales estimate could offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100