Recap: Red Cat Hldgs Q2 Earnings
Portfolio Pulse from Benzinga Insights
Red Cat Holdings (NASDAQ:RCAT) reported Q2 earnings with an EPS of $-0.1, missing estimates by 42.86% compared to the expected $-0.07. Revenue increased by $2.40 million from the same period last year. Historically, the company's share price dropped by 3.65% the day after missing EPS estimates last quarter. Red Cat Holdings has a history of missing earnings and revenue estimates.
December 15, 2023 | 9:15 pm
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Red Cat Holdings reported a larger than expected Q2 earnings loss and has a history of missing earnings estimates, which may lead to negative investor sentiment and potential share price decline.
Given the earnings miss and historical share price decline following previous misses, it is likely that RCAT's share price will experience short-term negative pressure. The magnitude of the miss and the consistency of past performance suggest a pattern that could influence investor expectations and stock performance.
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IMPORTANCE 80
RELEVANCE 100