Terran Orbital Q1 2024 GAAP EPS $(0.26) Misses $(0.17) Estimate, Sales $27.235M Miss $45.369M Estimate
Portfolio Pulse from Benzinga Newsdesk
Terran Orbital reported Q1 2024 GAAP EPS of $(0.26), missing estimates by 52.94%, and sales of $27.235M, missing estimates by 39.97%. This represents a decrease in sales and an increase in losses compared to the same period last year.
May 14, 2024 | 10:32 am
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NEGATIVE IMPACT
Terran Orbital's Q1 2024 earnings and sales missed estimates significantly, indicating potential challenges in its operational performance and market expectations.
Missing both earnings and sales estimates by significant margins suggests operational challenges and could lead to negative investor sentiment in the short term. The comparison to last year's figures indicates a worsening financial performance, further justifying a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100