Recap: Rekor Systems Q3 Earnings
Portfolio Pulse from Benzinga Insights
Rekor Systems (NASDAQ:REKR) reported Q3 earnings with an EPS of $-0.16, missing estimates by 14.29% compared to the expected $-0.14. Revenue increased by $1.69 million from the same period last year. The company's stock price dropped 9.16% the day after missing EPS last quarter.
November 14, 2023 | 9:40 pm
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NEGATIVE IMPACT
Rekor Systems reported a Q3 EPS of $-0.16, missing the estimate by 14.29%, with a year-over-year revenue increase of $1.69 million. Historically, the stock price dropped after an earnings miss last quarter.
The negative earnings surprise of 14.29% is likely to have a bearish impact on the stock price in the short term, as historical data shows a 9.16% drop in share price following the last earnings miss. The increase in revenue may slightly cushion the impact but is unlikely to offset the negative sentiment from the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100