Ondas Holdings: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ondas Holdings (NASDAQ:ONDS) reported Q3 earnings with an EPS of $-0.15, beating estimates by 11.76% against an expected $-0.17. Revenue increased by $2.03 million compared to the same period last year. Historically, the company's share price increased by 5.61% the day after beating EPS estimates last quarter.
November 14, 2023 | 12:40 pm
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Ondas Holdings reported a positive earnings surprise with an EPS of $-0.15, beating the estimate by 11.76%, and a significant year-over-year revenue increase.
Given the positive earnings surprise and historical data showing a 5.61% stock price increase following a previous earnings beat, it is likely that ONDS will experience a short-term positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100