Beam Glb Q4 EPS $(0.51) Misses $(0.41) Estimate, Sales $20.00M Beat $18.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beam Global (NASDAQ:BEEM) reported Q4 earnings with a loss of $(0.51) per share, missing the $(0.41) estimate, but sales of $20.00M exceeded the $18.02M forecast, marking a significant year-over-year growth.
April 17, 2024 | 6:42 am
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Beam Global reported a larger-than-expected quarterly loss but exceeded sales forecasts, indicating strong revenue growth.
The mixed earnings report from Beam Global, with a miss on EPS but a beat on revenue, suggests a neutral to slightly positive short-term impact on the stock. The revenue growth is a positive sign, but the miss on earnings could concern some investors. The overall impact is balanced by the significant year-over-year sales increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100