Smart Share Glb Q4 EPS $0 Up From -0.18 YoY, Q4 Sales $68.54M Miss $72.02M Estimate
Portfolio Pulse from dijoy@benzinga.com
Smart Share Glb (EM) reported Q4 sales of $68.54M, missing the $72.02M estimate, a 20.80% decrease from $86.54M last year. Q4 EPS improved to $0 from -$0.18 YoY.
March 28, 2024 | 11:29 am
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NEUTRAL IMPACT
Smart Share Glb reported a miss in Q4 sales but showed improvement in EPS to $0 from -$0.18 YoY.
The miss in sales estimates and the year-over-year decrease in sales by 20.80% could be seen negatively by investors, potentially putting downward pressure on the stock. However, the improvement in EPS from -$0.18 to $0 indicates a positive turn in profitability, which could counterbalance the negative impact of missed sales estimates. The mixed results lead to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100