Energy Vault Holdings Q1 2024 GAAP EPS $(0.14) Misses $(0.12) Estimate, Sales $7.759M Miss $12.572M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Vault Holdings (NRGV) reported Q1 2024 earnings with a GAAP EPS of $(0.14), missing the $(0.12) estimate, and sales of $7.759M, falling short of the $12.572M estimate. This represents a 36.36% increase in EPS losses and a 32.07% decrease in sales compared to the same period last year.
May 08, 2024 | 8:56 pm
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NEGATIVE IMPACT
Energy Vault Holdings reported a larger than expected loss per share and a significant miss in sales for Q1 2024, indicating potential challenges in its operational performance and market expectations.
The miss in both EPS and sales estimates for Energy Vault Holdings suggests underperformance against market expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant miss in sales and the increase in losses compared to the previous year highlight operational challenges that could concern investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100