Recap: Sunnova Energy Intl Q4 Earnings
Portfolio Pulse from Benzinga Insights
Sunnova Energy Intl (NOVA) reported Q4 earnings with an EPS of $-1.53, significantly missing the estimated $-0.18. Revenue also decreased by $1.41 million from the previous year. Despite past earnings misses leading to share price increases, this substantial miss could impact investor sentiment.
February 21, 2024 | 9:10 pm
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NEGATIVE IMPACT
Sunnova Energy Intl's Q4 earnings significantly missed estimates with an EPS of $-1.53 against an expected $-0.18, and a revenue decrease from the previous year.
The substantial miss in both EPS and revenue for NOVA is likely to negatively impact investor sentiment in the short term, especially considering the magnitude of the miss. Historically, past misses have led to share price increases the following day, but the severity of this miss could break that pattern.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100