Flux Power Holdings: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Flux Power Holdings (NASDAQ:FLUX) reported Q1 earnings with an EPS of $-0.13, in line with estimates. However, revenue was down $3.04 million from the same period last year. The company's past performance shows a trend of missing EPS estimates, which has previously led to a drop in share price.
November 09, 2023 | 9:21 pm
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Flux Power Holdings reported Q1 earnings in line with estimates, but with a significant drop in revenue compared to last year. Given the company's history of share price drops following missed EPS estimates, this could potentially impact the stock negatively.
Flux Power's earnings report shows a significant drop in revenue compared to the same period last year. This, combined with the company's history of share price drops following missed EPS estimates, suggests a potential negative impact on the stock. However, the EPS was in line with estimates, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100