Owlet Q4 2023 Adj EPS $(0.120) Misses $(0.040) Estimate, Sales $21.000M Miss $21.160M Estimate
Portfolio Pulse from Benzinga Newsdesk
Owlet (NYSE:OWLT) reported Q4 2023 adjusted EPS of $(0.120), missing the $(0.040) estimate, with sales of $21.000M also missing the $21.160M estimate. This represents a 75% increase in sales compared to the same period last year.
March 07, 2024 | 9:11 pm
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Owlet reported a significant miss in Q4 2023 adjusted EPS and slight miss in sales, though sales have increased 75% YOY.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the significant year-over-year sales growth may provide some buffer against negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100