Surf Air Mobility Sees Q1 Revenue $28.5M-$29.5M Vs $32.3M Est.
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility reported an expected Q1 revenue of $28.5M-$29.5M, falling short of the estimated $32.3M.

March 28, 2024 | 8:06 pm
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NEGATIVE IMPACT
Surf Air Mobility's Q1 revenue projection is below the estimated $32.3M, indicating a potential earnings miss.
The reported expected revenue for Q1 by Surf Air Mobility is significantly lower than the market estimates. This discrepancy is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term, as earnings misses often do.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100