Ondas Holdings Q3 GAAP EPS $(0.15) Beats $(0.17) Estimate, Sales $2.67M Miss $3.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ondas Holdings (NASDAQ:ONDS) reported Q3 GAAP EPS of $(0.15), surpassing the $(0.17) estimate, marking an improvement from the previous year's $(0.32) per share. However, sales of $2.67M fell short of the expected $3.08M, despite being a significant increase from the $632.49K reported in the same period last year.
November 14, 2023 | 12:34 pm
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NEUTRAL IMPACT
Ondas Holdings reported better-than-expected Q3 EPS but missed revenue estimates, showing both positive and negative signals for investors.
The EPS beat may provide a positive short-term sentiment boost, as it shows an improvement over last year's performance. However, the revenue miss could raise concerns about growth and sales execution, potentially offsetting the positive EPS impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100