On Wednesday March 13, 2024, Sphere 3D Reported Q4 EPS $(0.64) Misses $(0.28) Estimate, Sales $7.69M Miss $7.70M Estimate
Portfolio Pulse from Happy Mohamed
Sphere 3D (NASDAQ:ANY) reported Q4 earnings with a significant miss on both EPS and sales estimates. The EPS was $(0.64), missing the $(0.28) estimate by 128.57%, and sales were $7.69M, slightly missing the $7.70M estimate. Despite these misses, the company showed a substantial year-over-year improvement, with a 94.81% decrease in losses per share and a 438.52% increase in sales compared to the same period last year.
March 14, 2024 | 4:16 pm
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NEGATIVE IMPACT
Sphere 3D's Q4 earnings report showed a significant miss on EPS and sales estimates but demonstrated substantial year-over-year growth in sales and reduction in losses.
The significant miss on both EPS and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term. However, the substantial year-over-year improvement in sales and reduction in losses may mitigate some of the negative impact over time.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100