Meta Materials: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Meta Materials (NASDAQ:MMAT) reported Q3 earnings with an EPS of $-0.02, which was in line with estimates. However, revenue decreased by $255 thousand compared to the same period last year. The company's past earnings performance shows a pattern of meeting or missing EPS estimates, with varying revenue figures. The Q2 2023 earnings miss was followed by a slight drop in share price.
November 13, 2023 | 2:10 pm
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NEUTRAL IMPACT
Meta Materials reported Q3 earnings with an EPS of $-0.02, meeting estimates, but with a revenue decrease from last year. Historical data shows a slight stock drop after the last earnings miss.
The earnings report for Meta Materials is neutral with an EPS that met expectations, but a decrease in revenue could be a concern for investors. The historical slight drop in share price following an earnings miss last quarter suggests that the stock may not see significant movement. However, the consistent pattern of meeting or missing EPS estimates could maintain investor confidence in the company's predictability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100