UPDATE: EHang Holdings Q4 Adj EPADS $(0.04) Beats $(0.10) Estimate, Sales $7.97M Beat $7.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
EHang Holdings (NASDAQ:EH) reported Q4 adjusted EPS of $(0.04), surpassing the $(0.10) estimate, and sales of $7.97M, exceeding the $7.83M estimate. This represents a significant improvement over the previous year, with a 71.43% decrease in losses per share and a 250.62% increase in sales.
March 15, 2024 | 10:15 am
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EHang Holdings reported a notable improvement in Q4 earnings and sales, beating analyst estimates. Adjusted EPS was $(0.04), better than the $(0.10) estimate, and sales reached $7.97M, surpassing the $7.83M forecast.
EHang Holdings' Q4 earnings report shows a substantial improvement in both earnings per share and sales compared to the same period last year. The company's ability to beat analyst estimates by a significant margin, especially in terms of EPS, which improved by 71.43% year-over-year, and sales, which saw a 250.62% increase, indicates strong operational performance and efficiency. This positive earnings surprise is likely to instill investor confidence and could lead to a short-term uptick in EH's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100