Rekor Systems Q4 EPS $(0.16) Misses $(0.10) Estimate, Sales $11.07M Beat $10.72M Estimate
Portfolio Pulse from Happy Mohamed
Rekor Systems (NASDAQ:REKR) reported Q4 losses of $(0.16) per share, missing the $(0.10) estimate by 60%, and sales of $11.07M, beating the $10.72M estimate by 3.23%. This represents a 143.26% increase in sales compared to the same period last year.
March 25, 2024 | 8:21 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Rekor Systems reported a larger than expected Q4 loss of $(0.16) per share, missing estimates by 60%, but exceeded sales expectations with $11.07M, a 143.26% increase YOY.
The missed EPS estimate by a significant margin is likely to negatively impact investor sentiment in the short term, despite the sales beat and significant year-over-year growth. The negative earnings surprise typically leads to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100