Nuvve Holding: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Nuvve Holding (NASDAQ:NVVE) reported Q4 earnings with an EPS of $-6.98, missing estimates by -25.0% against an expected $-5.6. Revenue increased by $498 thousand from the previous year. Historically, missing EPS forecasts has led to a share price drop, as seen last quarter with a 12.0% decrease.
March 28, 2024 | 9:00 pm
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NEGATIVE IMPACT
Nuvve Holding reported a significant miss in Q4 earnings with an EPS of $-6.98, missing the estimate by -25.0%. Revenue saw a modest increase from the previous year.
Nuvve Holding's miss on earnings expectations by a significant margin (-25.0%) is likely to negatively impact investor sentiment, especially considering the historical context where past misses have led to share price drops. The increase in revenue might not be sufficient to offset the negative perception of the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100