Recap: Owlet Q4 Earnings
Portfolio Pulse from Benzinga Insights
Owlet (NYSE:OWLT) reported Q4 earnings with an EPS of $-0.12, missing estimates by -200% compared to the expected $-0.04. Revenue increased by $9M from the same period last year. Previously, a miss on EPS led to an 8% drop in share price the next day. The company's past earnings performance shows a pattern of not meeting EPS estimates.
March 07, 2024 | 9:15 pm
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NEGATIVE IMPACT
Owlet missed Q4 earnings estimates with an EPS of -$0.12, significantly underperforming against the expected -$0.04. Revenue saw a year-over-year increase of $9M.
Owlet's significant miss on earnings estimates and the historical context of share price dropping following earnings misses suggest a likely negative short-term impact on OWLT's stock price. The revenue increase may provide some buffer, but the missed EPS by a large margin is a critical factor.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100