Dragonfly Energy Sees Q1 EPS $(0.13)-$(0.17) Vs $(0.15) Est.; Net Sales $12M-$13M Vs $14.1M Est.
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy forecasts Q1 EPS of $(0.13)-$(0.17), below the $(0.15) estimate, with net sales expected between $12M-$13M, under the $14.1M estimate. The company sees stabilization in the RV market and potential growth from the heavy-duty trucking sector. Operating expenses are projected at $(8.0)-$(9.0) million, with a net loss of $(8.0)-$(10.5) million.

April 15, 2024 | 8:13 pm
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NEGATIVE IMPACT
Dragonfly Energy projects lower-than-expected Q1 earnings and sales, with EPS of $(0.13)-$(0.17) and net sales of $12M-$13M, against a backdrop of potential market recovery.
Dragonfly Energy's forecast of lower-than-expected earnings and sales for Q1 2024, compared to estimates, suggests a potential short-term negative impact on its stock price. The company's outlook indicates challenges in meeting market expectations, which could lead to investor concern over its financial performance and growth prospects. However, the mention of stabilization in the RV market and opportunities in the heavy-duty trucking market provides some positive outlook that might mitigate the negative impact to some extent.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100