Recap: SES AI Q4 Earnings
Portfolio Pulse from Benzinga Insights
SES AI (NYSE:SES) reported its Q4 earnings, beating estimated earnings by 62.0% with an EPS of $-0.03 versus an estimate of $-0.08. However, revenue remained unchanged from the same period last year. Despite beating last quarter's EPS estimate, the share price dropped by 3.0% the following day.
February 26, 2024 | 9:55 pm
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NEUTRAL IMPACT
SES AI reported a significant beat on Q4 earnings estimates but saw no change in revenue from the previous year. Last quarter's earnings beat was followed by a share price drop.
While SES AI's earnings beat is positive, the unchanged revenue and historical share price drop post-earnings beat suggest a neutral short-term impact. Investors may be cautious given past performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100