Hesai Group Sees Q4 2023 Revenue $73.3M-$76.1M Vs $79.07M Est.
Portfolio Pulse from Benzinga Newsdesk
Hesai Group forecasts its Q4 2023 revenue to be between $73.3M and $76.1M, which is below the estimated $79.07M.
November 13, 2023 | 10:07 pm
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NEGATIVE IMPACT
Hesai Group's projected Q4 2023 revenue is below analysts' expectations, which could lead to a negative short-term impact on its stock price.
Revenue forecasts that are below market expectations typically result in negative investor sentiment and can lead to a decrease in stock price. As Hesai Group's projected revenue is significantly lower than the estimated amount, this could be seen as a bearish signal for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100