EVgo Q1 2024 GAAP EPS $(0.09) Beats $(0.14) Estimate, Sales $55.200M Beat $52.389M Estimate
Portfolio Pulse from Benzinga Newsdesk
EVgo (NASDAQ:EVGO) reported Q1 2024 earnings with a GAAP EPS of $(0.09), surpassing the $(0.14) estimate. Sales reached $55.2M, exceeding the $52.389M forecast and marking a 118.18% increase from the previous year's $25.3M.
May 07, 2024 | 11:06 am
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POSITIVE IMPACT
EVgo reported a Q1 2024 GAAP EPS of $(0.09), beating estimates by 35.71%, and sales of $55.2M, exceeding expectations by 5.37% and showing significant year-over-year growth.
EVgo's better-than-expected earnings and sales figures for Q1 2024, especially with a significant year-over-year sales increase, are likely to positively impact investor sentiment and the stock price in the short term. The substantial beat on both the EPS and sales estimates, coupled with a strong year-over-year growth, indicates operational efficiency and growing demand for EVgo's offerings, which could lead to increased investor confidence and a potential uptick in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100