Lightning eMotors Q2 EPS $(3.70) Misses $(2.70) Estimate, Sales $7.92M Beat $6.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lightning eMotors (NYSE:ZEV) reported Q2 losses of $(3.70) per share, missing the analyst consensus estimate of $(2.70) by 37.04%. However, the company's quarterly sales of $7.92 million beat the estimate of $6.96 million by 13.74%, marking a 123.87% increase from the same period last year.
August 14, 2023 | 8:27 pm
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NEUTRAL IMPACT
Lightning eMotors' Q2 earnings per share missed estimates, but sales exceeded expectations and showed significant YoY growth.
While the company's earnings per share fell short of estimates, the strong sales performance and YoY growth could offset the negative impact of the earnings miss in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100