Intuitive Machines Q1 2024 GAAP EPS $(2.70) Misses $0.07 Estimate
Portfolio Pulse from Benzinga Newsdesk
Intuitive Machines (NASDAQ:LUNR) reported a significant Q1 2024 earnings miss with a GAAP EPS of $(2.70), falling short of the analyst consensus estimate of $0.07 by 3957.14%.
May 14, 2024 | 12:59 pm
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NEGATIVE IMPACT
Intuitive Machines reported a Q1 2024 GAAP EPS of $(2.70), missing the consensus estimate of $0.07 by a wide margin.
The significant miss in earnings per share (EPS) for Q1 2024 by Intuitive Machines is likely to negatively impact investor confidence and could lead to a short-term decline in the stock price. Missing the analyst consensus estimate by such a large margin (3957.14%) highlights operational or market challenges that the company may be facing, which investors typically view unfavorably. This could result in selling pressure as market participants adjust their expectations for the company's financial health and future profitability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100