Archer Aviation: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Archer Aviation (NYSE:ACHR) reported its Q4 earnings on February 26, 2024, missing estimated earnings by -21.0% with an EPS of $-0.34 versus an estimate of $-0.28. Revenue remained unchanged from the same period last year. In the previous quarter, the company exceeded EPS estimates which was followed by a 6.0% drop in share price the next day.
February 26, 2024 | 9:50 pm
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NEGATIVE IMPACT
Archer Aviation reported a significant miss in Q4 earnings with a -21.0% deviation from estimated EPS, and no change in revenue from the previous year.
The significant miss in estimated earnings is likely to negatively impact investor sentiment and could lead to a decrease in stock price, similar to the previous quarter's earnings beat followed by a 6.0% drop in share price. The lack of revenue growth could further dampen investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100