Spire Global Expects Q2 Revenue Of $29M-$33M, Est $36.119M; Adj EPS Of $(0.31)-$(0.15), Est $(0.34)
Portfolio Pulse from Benzinga Newsdesk
Spire Global has announced its Q2 revenue expectations to be between $29M and $33M, which is below the estimated $36.119M. The company also expects an adjusted EPS of $(0.31)-$(0.15), compared to the estimated $(0.34).
May 15, 2024 | 9:39 pm
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NEGATIVE IMPACT
Spire Global's Q2 revenue expectations are below estimates, which could negatively impact the stock price. However, the adjusted EPS range is better than expected, which might mitigate some of the negative sentiment.
The revenue expectations being below estimates is likely to have a negative impact on the stock price. However, the better-than-expected adjusted EPS range could provide some support, but overall sentiment is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100