Enovix Sees Q2 2024 Adj. EPS $(0.28)-$(0.22) Vs $(0.22) Est.; Revenue $3.0M-$4.0M Vs $4.054M Est.
Portfolio Pulse from Benzinga Newsdesk
Enovix forecasts its Q2 2024 adjusted EPS to be between $(0.28) and $(0.22), compared to the estimated $(0.22). The company also projects its revenue to be between $3.0M and $4.0M, which is below the estimated $4.054M.
May 01, 2024 | 8:49 pm
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Enovix forecasts a lower-than-expected adjusted EPS and revenue for Q2 2024, indicating potential financial challenges.
Enovix's forecasted adjusted EPS and revenue for Q2 2024 are both below analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The lower-than-expected revenue forecast, in particular, may raise concerns about the company's growth prospects and financial health.
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RELEVANCE 100