Canoo Q1 2024 Adj EPS $(1.13) Misses $(0.97) Estimate
Portfolio Pulse from Benzinga Newsdesk
Canoo (NASDAQ:GOEV) reported a Q1 2024 adjusted EPS loss of $(1.13), missing the consensus estimate of $(0.97) by 16.49%.
May 14, 2024 | 8:06 pm
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NEGATIVE IMPACT
Canoo's Q1 2024 earnings report showed a larger loss per share than analysts expected, which could negatively impact investor sentiment and stock price in the short term.
Earnings misses typically lead to negative investor sentiment and can cause a short-term decline in stock price. Given the miss was by 16.49%, this could be seen as a significant underperformance by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100