Airgain Sees Q4 Adj. EPS $(0.19) At Midpoint vs $0.03 Est., Sales $9.25M-$10.75M vs $16.87M Est.
Portfolio Pulse from Benzinga Newsdesk
Airgain has projected its Q4 adjusted EPS to be $(0.19) at midpoint, which is significantly lower than the estimated $0.03. Additionally, the company's sales are expected to be between $9.25M and $10.75M, falling short of the estimated $16.87M.
November 09, 2023 | 10:44 pm
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NEGATIVE IMPACT
Airgain's lower than expected Q4 adjusted EPS and sales projections may negatively impact its stock price in the short term.
Airgain's projected Q4 adjusted EPS and sales are significantly lower than estimates. This negative financial performance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100