Westport Fuel Systems: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Westport Fuel Systems (NASDAQ:WPRT) reported Q4 earnings with an EPS of $-0.81, missing estimates by -59.0% against an expected $-0.51. Revenue increased by $9.20 million from the same period last year. Despite missing EPS estimates last quarter, the share price increased by 1.0% the following day. Historical earnings performance shows mixed results over the past quarters.
March 25, 2024 | 9:05 pm
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NEGATIVE IMPACT
Westport Fuel Systems reported a significant miss in Q4 earnings with an EPS of $-0.81, underperforming against the estimate of $-0.51. However, revenue saw an increase from the previous year.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. Historical data shows that past earnings misses have had mixed effects on the stock price, but the magnitude of this miss could lead to a negative short-term reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100