TMC Metals Q1 2024 GAAP EPS $(0.08) Misses $(0.05) Estimate
Portfolio Pulse from Benzinga Newsdesk
TMC Metals reported a Q1 2024 GAAP EPS of $(0.08), missing the consensus estimate of $(0.05) by 60 percent.
May 13, 2024 | 8:26 pm
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NEGATIVE IMPACT
TMC Metals reported a larger than expected quarterly loss, missing analyst estimates by 60 percent.
Missing earnings estimates, especially by a significant margin such as 60 percent, typically results in negative investor sentiment and can lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100