Recap: NuScale Power Q4 Earnings
Portfolio Pulse from Benzinga Insights
NuScale Power (NYSE:SMR) reported Q4 earnings with a significant miss on estimated earnings by -79.0%, posting an EPS of $-0.25 against an estimate of $-0.14. Revenue increased by $1.12 million from the previous year. The company's past earnings performance showed a miss on EPS by $0.13 last quarter, leading to a 33.0% drop in share price the following day.
March 14, 2024 | 8:35 pm
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NEGATIVE IMPACT
NuScale Power reported a significant miss in Q4 earnings with an EPS of $-0.25 against an estimate of $-0.14, and a revenue increase of $1.12 million from the previous year.
The significant miss in estimated earnings by -79.0% and the historical context of a previous earnings miss leading to a 33.0% drop in share price the next day suggest a negative short-term impact on SMR's stock price. The increase in revenue may not be sufficient to offset the negative sentiment generated by the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100