Sidus Space Q3 EPS $(0.05) Misses $(0.04) Estimate, Sales $985.00K Miss $1.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sidus Space (NASDAQ:SIDU) reported Q3 earnings with a loss of $(0.05) per share, missing the $(0.04) estimate by 25%. Sales were $985K, missing the $1.5M estimate by 34.33%, and representing a 25.21% decrease from the same period last year.
November 15, 2023 | 6:52 am
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NEGATIVE IMPACT
Sidus Space reported a larger-than-expected Q3 loss and a significant sales miss, which could negatively impact investor sentiment and the stock price in the short term.
The reported earnings miss and sales shortfall are critical factors that investors consider when assessing a company's financial health. A miss on both fronts, especially by such large margins, is likely to erode investor confidence and put downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100