Heliogen: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Heliogen (OTC:HLGN) reported Q4 earnings with an EPS of $-4.32, missing estimates by -16.0% and a revenue decrease of $5.88 million from the previous year. Despite beating EPS estimates last quarter, this marks a significant downturn.
March 25, 2024 | 9:10 pm
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Heliogen reported a significant miss in Q4 earnings with an EPS of $-4.32, underperforming estimates by 16%, and a notable decrease in revenue year-over-year.
The significant miss in earnings and the decrease in revenue compared to the previous year are likely to negatively impact investor sentiment and the stock price in the short term. Historical performance shows that past earnings beats have led to stock price increases, suggesting a strong investor reaction to earnings reports.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100