Pineapple Energy Q1 2024 GAAP EPS $(0.26) Misses $(0.20) Estimate, Sales $13.219M Miss $18.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pineapple Energy (NASDAQ:PEGY) reported Q1 2024 earnings with a GAAP EPS of $(0.26), missing the $(0.20) estimate, and sales of $13.219M, falling short of the $18.900M estimate. This represents a 30% miss on EPS and a 30.06% miss on sales estimates, alongside a 40.09% decrease in sales compared to the same period last year.
May 09, 2024 | 9:34 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Pineapple Energy reported a significant miss in both EPS and sales for Q1 2024, with a 30% miss on EPS estimates and a 30.06% miss on sales estimates, alongside a 40.09% decrease in sales YOY.
The significant miss in both EPS and sales estimates, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of Pineapple Energy in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100