Recap: AST SpaceMobile Q4 Earnings
Portfolio Pulse from Benzinga Insights
AST SpaceMobile (NASDAQ:ASTS) reported Q4 earnings with a significant miss on estimated earnings by -52.0%, posting an EPS of $-0.35 against an estimate of $-0.23. Revenue remained unchanged from the same period last year. Despite a past performance of missing EPS estimates last quarter followed by a 24.0% share price increase, this report presents a stark contrast.
April 01, 2024 | 9:45 pm
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AST SpaceMobile reported a significant miss in Q4 earnings with a -52.0% deviation from estimated EPS, and no change in revenue from the previous year.
The significant miss in earnings expectations for AST SpaceMobile, with a -52.0% deviation from the estimated EPS, is likely to negatively impact investor confidence and the stock price in the short term. Historically, a miss in earnings can lead to a decrease in stock price, although AST SpaceMobile had previously seen a share price increase after missing EPS estimates last quarter. The lack of revenue growth could further compound investor concerns.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100