Nikola's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Nikola (NASDAQ:NKLA) is expected to report a Q4 earnings per share (EPS) of $-0.13 on Thursday, 2024-02-22. Analysts and investors will be looking for an earnings beat and positive guidance for the next quarter. Historically, Nikola has had mixed earnings performance, with a notable 1.72% drop in share price following last quarter's earnings miss. Shares are currently trading at $0.7055, down 67.61% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 21, 2024 | 7:01 pm
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Nikola is anticipated to report a Q4 EPS of $-0.13, with investors hoping for an earnings beat and positive future guidance. The stock has seen a 67.61% decline over the past year, indicating bearish sentiment.
Given Nikola's mixed historical earnings performance and the significant annual decline in stock price, the upcoming earnings report could have a neutral to slightly positive impact if Nikola beats the EPS estimate and provides positive guidance. However, the bearish sentiment among long-term shareholders and the history of stock price drops following earnings misses suggest caution.
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