Spire Global Sees Q3 Adj. EPS $(0.08)-$(0.07) vs $(0.09) Est., Revenue $26M-$27M vs $27.1M Est.
Portfolio Pulse from Benzinga Newsdesk
Spire Global has projected its Q3 adjusted EPS to be between $(0.08) and $(0.07), which is better than the estimated $(0.09). However, the company's revenue forecast of $26M-$27M is slightly below the estimated $27.1M.
August 09, 2023 | 9:40 pm
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Spire Global's Q3 adjusted EPS forecast is better than expected, but its revenue projection is slightly below estimates.
Spire Global's better-than-expected EPS forecast could boost investor confidence, potentially driving the stock price up. However, the lower-than-expected revenue projection could offset this positive impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100