Recap: Xos Q4 Earnings
Portfolio Pulse from Benzinga Insights
Xos, Inc. (NASDAQ:XOS) reported Q4 earnings with an EPS of $-2.33, missing the estimated $-1.92 by -21.0%. Revenue increased by $9.80 million compared to the same period last year. Despite the miss, past performance shows a positive trend in share price following earnings reports.
March 21, 2024 | 9:45 pm
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Xos, Inc. reported a Q4 EPS of $-2.33, missing estimates by -21.0%, but showed a significant revenue increase from the previous year.
Although Xos missed the EPS estimate, the significant year-over-year revenue growth and historical positive share price reaction to earnings reports suggest a neutral to potentially positive short-term impact on XOS stock. The miss might concern some investors, but the revenue growth and past positive reactions indicate resilience.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100