Red Cat Hldgs: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Red Cat Holdings (NASDAQ:RCAT) reported Q3 earnings with an EPS of $-0.08, missing estimates by -100% against an expected $-0.04. Revenue increased by $2.74 million year-over-year. Despite past earnings misses, the company's share price increased by 9.0% the day after last quarter's earnings were announced.
March 18, 2024 | 8:10 pm
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NEUTRAL IMPACT
Red Cat Holdings reported a significant miss in Q3 earnings with an EPS of -$0.08, missing the estimate by 100%. However, revenue saw a year-over-year increase of $2.74 million.
Despite the significant miss in EPS estimates, Red Cat Holdings has shown resilience in its share price following past earnings announcements. The year-over-year revenue increase may offset negative sentiment from the earnings miss. However, investor reactions to earnings can be unpredictable, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100