PureCycle Technologies Q1 2024 GAAP EPS $(0.52) Misses $(0.17) Estimate
Portfolio Pulse from Benzinga Newsdesk
PureCycle Technologies (NASDAQ:PCT) reported a Q1 2024 GAAP EPS loss of $(0.52), missing the analyst consensus estimate of $(0.17) by 205.88%.
May 07, 2024 | 12:34 pm
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PureCycle Technologies reported a significant miss in its Q1 2024 earnings, with a GAAP EPS loss of $(0.52), far below the estimated $(0.17).
The significant miss in earnings per share (EPS) compared to analyst estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100