Recap: Aeva Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
Aeva Technologies (NYSE:AEVA) reported Q4 earnings, beating estimated earnings by 20% with an EPS of $-0.12 versus an estimate of $-0.15. Revenue increased by $1.42 million from the same period last year. Despite beating EPS estimates in the past, such performance was previously followed by a 10% drop in share price the next day.
March 05, 2024 | 9:30 pm
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Aeva Technologies reported a 20% beat on estimated earnings for Q4, with an EPS of $-0.12 and a revenue increase of $1.42M from the previous year.
While Aeva Technologies beat its Q4 earnings estimates, which could be seen as a positive signal, historical data shows that past earnings beats were followed by a decrease in share price the next day. This mixed signal makes the short-term impact on AEVA's stock price uncertain, hence a neutral score is assigned.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100