Pioneer Power Solutions Q4 EPS $(0.07) Misses $0.01 Estimate, Sales $7.70M Miss $10.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions (NASDAQ:PPSI) reported a Q4 EPS of $(0.07), missing the $0.01 estimate by 800%, and a 170% decrease from last year's $0.10 EPS. Sales were $7.70M, missing the $10.89M estimate by 29.29%, and a 19.15% decrease from last year's $9.52M.
April 02, 2024 | 12:07 pm
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Pioneer Power Solutions reported significant misses in both EPS and sales for Q4, with a 170% decrease in EPS from the previous year and a 19.15% decrease in sales.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with the significant year-over-year decreases, suggests a negative short-term impact on PPSI's stock price. The magnitude of the miss and the comparison to last year's performance indicate underlying issues that could concern investors, leading to a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100