Momentus Q2 EPS $(0.20) Misses $(0.17) Estimate, Sales $1.71M Beat $940.00K Estimate
Portfolio Pulse from mahesh@benzinga.com
Momentus (NASDAQ:MNTS) reported Q2 losses of $(0.20) per share, missing the analyst consensus estimate of $(0.17) by 17.65%. However, the company's quarterly sales of $1.71 million beat the analyst consensus estimate of $940.00 thousand by 81.38%. This represents a 3.31K% increase over sales from the same period last year.
August 14, 2023 | 8:51 pm
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NEUTRAL IMPACT
Momentus reported Q2 losses greater than expected but outperformed sales estimates. This mixed result could lead to uncertain short-term price movements.
While Momentus missed its EPS estimate, indicating potential profitability issues, it significantly exceeded its sales estimate, showing strong revenue growth. These conflicting signals could lead to uncertainty in the stock's short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100