Flux Power Holdings Q1 2024 EPS $(0.13), Inline, Sales $14.80M Beat $13.98M Estimate
Portfolio Pulse from totan@benzinga.com
Flux Power Holdings (NASDAQ:FLUX) reported Q1 2024 earnings per share (EPS) of $(0.13), in line with analyst consensus. The company's quarterly sales of $14.80 million beat the analyst consensus estimate of $13.98 million by 5.84 percent, but this represents a 17.06 percent decrease from the same period last year.
November 09, 2023 | 9:16 pm
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NEUTRAL IMPACT
Flux Power's Q1 2024 earnings met analyst expectations, and sales beat estimates but were down year-over-year.
Flux Power's earnings were in line with expectations, which is neutral for the stock. However, the company's sales beat estimates, which is positive. But the year-over-year decrease in sales could be a negative signal, potentially offsetting the positive impact of the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100