Fisker Q4 2023 GAAP EPS $(1.230) Misses $(0.170) Estimate, Sales $200.100M Miss $310.795M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fisker (NYSE:FSR) reported Q4 2023 earnings with a GAAP EPS of $(1.230), significantly missing the $(0.170) estimate. Sales were $200.100M, also missing the expected $310.795M. Despite this, sales increased by 65.29K% compared to the same period last year.
February 29, 2024 | 10:00 pm
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NEGATIVE IMPACT
Fisker's Q4 2023 earnings missed estimates with a GAAP EPS of $(1.230) and sales of $200.100M, below the expected $310.795M. However, sales showed a significant increase from the previous year.
The significant miss in both EPS and sales estimates is likely to negatively impact investor sentiment in the short term, despite the year-over-year sales growth. The magnitude of the miss, especially in EPS, suggests operational or market challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100