Why Matterport Stock Is Down After Earnings
Portfolio Pulse from Erica Kollmann
Matterport, Inc. (NASDAQ:MTTR) shares fell after reporting Q4 sales of $39.55 million, missing estimates by 1.69% and showing a 3.88% year-over-year decrease. The company met quarterly loss estimates but provided guidance indicating potential future losses and revenue that could also miss expectations. Analyst Brent Bracelin of Piper Sandler maintained a Neutral rating and a $3 price target on MTTR.
February 21, 2024 | 7:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Matterport's stock fell after reporting lower-than-expected Q4 sales and issuing guidance that may not meet future expectations.
Matterport's stock price decline is directly related to its Q4 earnings miss and the guidance indicating potential future misses in both earnings and revenue. The neutral stance from analysts and the specific price target suggest limited short-term upside potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100