SpringBig Holdings: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
SpringBig Holdings (OTC:SBIG) reported Q4 earnings with an EPS of $-0.07, missing estimates by -600% compared to the expected $-0.01. Revenue increased by $48 thousand year-over-year. The company's past earnings performance shows a pattern of missing EPS estimates, leading to significant share price drops, such as a 20% decrease following last quarter's earnings miss.
March 12, 2024 | 9:50 pm
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SpringBig Holdings reported a significant miss in Q4 earnings with an EPS of -$0.07, far below the estimated -$0.01, and a slight increase in revenue.
The substantial miss in earnings estimates for Q4, combined with the historical context of share price drops following earnings misses, suggests a likely negative short-term impact on SBIG's stock price. The pattern of missing EPS estimates and the subsequent market reactions provide a basis for this analysis.
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IMPORTANCE 90
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