Meta Materials Q3 EPS $(0.02), Inline, Sales $2.20M Miss $2.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Meta Materials (NASDAQ:MMAT) reported Q3 EPS of $(0.02), which was in line with analyst estimates, but sales of $2.20M fell short of the expected $2.50M. This represents a 71.43% improvement in EPS and a 10.42% decrease in sales compared to the same period last year.
November 13, 2023 | 1:47 pm
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NEGATIVE IMPACT
Meta Materials reported Q3 EPS in line with expectations but missed sales estimates, showing a decrease in sales compared to last year.
Missing sales estimates can be seen as a negative indicator of a company's performance and may lead to a short-term negative impact on the stock price. Although the EPS was in line with expectations, the decrease in sales year-over-year is likely to concern investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100