Nuvve Holding Q4 EPS $(6.98) Misses $(5.60) Estimate, Sales $1.65M Miss $3.00M Estimate
Portfolio Pulse from mahesh@benzinga.com
Nuvve Holding (NASDAQ:NVVE) reported Q4 losses of $(6.98) per share, missing the $(5.60) estimate by 24.64%, and sales of $1.65M, missing the $3.00M estimate by 45.17%. Despite these misses, both losses and sales improved compared to the same period last year, with losses decreasing by 47.12% and sales increasing by 43.42%.
March 28, 2024 | 8:59 pm
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NEGATIVE IMPACT
Nuvve Holding reported a significant miss in both EPS and sales for Q4, but showed improvement over the previous year.
Missing the EPS and sales estimates significantly is likely to negatively impact investor sentiment and the stock price in the short term. However, the year-over-year improvement in both metrics indicates a positive trend that might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100