Dragonfly Energy Sees Q4 Net Sales $10M-$14M vs $18.85M Est.
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy reported an expected Q4 net sales range of $10M-$14M, which falls short of the estimated $18.85M.
November 13, 2023 | 9:12 pm
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NEGATIVE IMPACT
Dragonfly Energy's projected Q4 net sales are significantly lower than the market estimate, which could lead to a negative short-term impact on its stock price.
The projected Q4 net sales for Dragonfly Energy are substantially below the analysts' estimates, which typically results in a negative investor sentiment and could lead to a decrease in the stock price in the short term as the market adjusts to the new information.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100