Recap: Energy Vault Holdings Q3 Earnings
Portfolio Pulse from Benzinga Insights
Energy Vault Holdings (NYSE:NRGV) reported its Q3 earnings, beating estimated earnings by 13.33% with an EPS of $-0.13 versus an estimate of $-0.15. Revenue was up $170.51 million from the same period last year. Last quarter, the company beat on EPS by $0.02, which was followed by a 6.31% increase in the share price the next day.
November 07, 2023 | 9:35 pm
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POSITIVE IMPACT
Energy Vault Holdings beat Q3 earnings estimates and reported a significant YoY revenue increase. This follows a trend of beating estimates, which previously led to a share price increase.
Energy Vault Holdings has reported better than expected earnings, which is generally a positive signal for the stock. The significant YoY revenue increase also indicates strong performance. Given that the previous earnings beat led to a share price increase, it's reasonable to expect a similar reaction this time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100