Dragonfly Energy Expects Q2 Net Sales Of $14M-$15M, Est $14.687M; EPS Loss Of $(0.13) - $(0.16), Est $(0.14)
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Energy forecasts Q2 net sales of $14M-$15M with an estimated EPS loss of $(0.13) - $(0.16). The company anticipates growth in the RV market to benefit its OEM business in 2024.
May 14, 2024 | 8:56 pm
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Dragonfly Energy expects Q2 net sales of $14M-$15M and an EPS loss of $(0.13)-$(0.16), with a positive outlook on the RV market benefiting its OEM business.
The guidance provided by Dragonfly Energy indicates a stable financial outlook with expected net sales meeting estimates. The anticipated recovery in the RV market and its positive impact on the OEM business line could be seen as a positive signal for future growth. However, the projected EPS loss suggests that the company is still navigating through challenges, balancing the optimism with caution for short-term stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100