ZEEKR Intelligent Tech Q1 2024 Adj EPS $(0.14) Beats $(1.62) Estimate, Sales $2.041B Beat $1.677B Estimate
Portfolio Pulse from Benzinga Newsdesk
ZEEKR Intelligent Tech (NYSE:ZK) reported a Q1 2024 adjusted EPS of $(0.14), significantly beating the analyst estimate of $(1.62). The company also reported sales of $2.041 billion, surpassing the estimate of $1.677 billion.
June 11, 2024 | 9:07 am
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ZEEKR Intelligent Tech reported better-than-expected Q1 2024 results with an adjusted EPS of $(0.14) and sales of $2.041 billion, beating estimates by 91.36% and 21.68% respectively.
The significant beat on both EPS and sales estimates is likely to positively impact ZEEKR's stock price in the short term. Investors often react favorably to companies that outperform expectations, especially by such a large margin.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100