Sunnova Energy Intl Q4 EPS $(1.53) Misses $(0.18) Estimate, Sales $194.18M Miss $223.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sunnova Energy Intl (NOVA) reported a significant miss in Q4 earnings and sales against analyst estimates. EPS was $(1.53), missing the $(0.18) estimate by 750%, and sales were $194.18M, missing the $223.38M estimate by 13.07%. Year-over-year, this represents a slight decrease in sales.
February 21, 2024 | 9:09 pm
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NEGATIVE IMPACT
Sunnova Energy Intl reported significantly lower Q4 earnings and sales than expected, with EPS at $(1.53) and sales at $194.18M.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss, especially in EPS (750% below estimates), indicates substantial underperformance which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100