Heliogen Q3 2023 Gaap EPS $(3.13) Beats $(3.62) Estimate, Sales $2.27M Miss $2.97M Estimate
Portfolio Pulse from saritha@benzinga.com
Heliogen reported Q3 2023 GAAP EPS of $(3.13), surpassing the $(3.62) estimate, but sales of $2.27M fell short of the expected $2.97M. The EPS improved by 36.12% from the previous year, while sales saw a 26.68% decline from the same period last year.
November 13, 2023 | 9:44 pm
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NEUTRAL IMPACT
Heliogen's Q3 EPS outperformed estimates, showing a significant reduction in losses compared to last year, but revenues declined both year-over-year and against expectations.
While the better-than-expected EPS may provide some positive sentiment, the miss on revenue is a concern and could indicate underlying issues with sales growth or market demand. The mixed results are likely to result in a neutral short-term impact as the market digests both the positive EPS and negative sales data.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100