Surf Air Mobility Inc. Common Stock Q4 EPS $(1.32) Misses $(0.28) Estimate, Sales $26.84M Beat $25.69M Estimate
Portfolio Pulse from dijoy@benzinga.com
Surf Air Mobility Inc. (SRFM) reported a Q4 EPS of $(1.32), significantly missing the $(0.28) estimate. However, their sales of $26.84M exceeded the $25.69M estimate.

March 28, 2024 | 8:50 pm
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NEGATIVE IMPACT
Surf Air Mobility Inc. reported a larger than expected Q4 loss per share but exceeded sales forecasts.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, overshadowing the positive sales report. Typically, earnings misses, especially of this magnitude, lead to a decrease in stock price as they reflect operational challenges or lower profitability than expected.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100