NET Power Q3 EPS $(0.44) Misses $(0.05) Estimate
Portfolio Pulse from Benzinga Newsdesk
NET Power (NYSE:NPWR) reported a Q3 loss of $(0.44) per share, significantly missing the analyst consensus estimate of $(0.05) by 780 percent.
November 14, 2023 | 12:40 pm
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NEGATIVE IMPACT
NET Power reported a Q3 EPS loss of $(0.44), missing estimates by 780%, which could negatively impact investor confidence and the stock price.
The substantial miss in earnings per share compared to analyst expectations is likely to shake investor confidence, leading to a potential short-term decline in NPWR's stock price. Earnings misses of this magnitude can often result in negative market reactions as they may indicate underlying issues with the company's performance or market conditions that were not previously priced into the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100