Recap: NN Q4 Earnings
Portfolio Pulse from Benzinga Insights
NN, Inc. (NASDAQ:NNBR) reported Q4 earnings with a -25.0% miss on estimated earnings, posting an EPS of $-0.1 against an estimate of $-0.08. Revenue decreased by $5.48 million from the same period last year. In the previous quarter, NN beat EPS estimates by $0.07, which led to a 0.0% change in share price the following day.
March 11, 2024 | 9:10 pm
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NEGATIVE IMPACT
NN, Inc. reported a significant miss in Q4 earnings with a -25.0% deviation from estimated EPS and a decrease in revenue compared to last year.
The significant miss in earnings and the decrease in revenue year-over-year are likely to negatively impact investor sentiment and could lead to a short-term decrease in NNBR's stock price. Historical data shows limited movement in stock price following earnings reports, but the magnitude of this miss could be a stronger negative catalyst.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100