Fisker Q4 Earnings Preview: Analyst Estimates, Dealer Model And Guidance In Focus
Portfolio Pulse from Chris Katje
Fisker Inc (NYSE:FSR) is set to report its Q4 financial results, with analysts expecting a significant revenue increase to $310.8 million from last year's $306,000, despite missing revenue estimates for three consecutive quarters. The anticipated loss per share is 27 cents, an improvement from the previous year's 54 cents. Analyst ratings vary, with Goldman Sachs and Barclays having negative outlooks, while Citigroup remains positive. Fisker's shift to a dealer-based sales model and recent dealer partnerships are in focus, alongside its production and delivery numbers for the Fisker Ocean vehicles. The company's stock has fallen 90% over the last year, trading at less than $1.
February 28, 2024 | 9:42 pm
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NEUTRAL IMPACT
Fisker Inc is anticipated to report a significant revenue increase in Q4, with a focus on its dealer-based sales model and recent partnerships. Despite a challenging year, there's a cautious optimism around its earnings report.
Fisker's anticipated revenue increase and strategic shift to a dealer-based sales model could provide a positive outlook. However, past performance and the overall negative sentiment in the EV market, as seen with peers LCID and RIVN, suggest a cautious approach.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Lucid Group's recent earnings report, which led to a sell-off in shares, reflects the broader market's impatience with EV startups struggling towards profitability.
Lucid Group's recent performance and the subsequent negative market reaction highlight the difficulties EV companies face in achieving profitability, potentially impacting investor sentiment and stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Rivian Automotive's recent earnings report, similar to Lucid's, indicates a challenging environment for EV startups, with investors showing less patience for companies not meeting production and profitability goals.
Rivian Automotive's performance and investor reactions post-earnings suggest a broader trend of declining patience and confidence in the EV sector, potentially affecting its short-term stock performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50