Energy Vault Holdings Q2 2024 GAAP EPS $(0.18) Misses $(0.12) Estimate, Sales $3.770M Miss $16.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Vault Holdings (NYSE:NRGV) reported Q2 2024 GAAP EPS of $(0.18), missing the $(0.12) estimate by 50%. Sales were $3.770M, missing the $16.650M estimate by 77.36% and down 90.50% from last year.
August 06, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Energy Vault Holdings reported disappointing Q2 2024 results with EPS of $(0.18) missing estimates by 50% and sales of $3.770M missing estimates by 77.36%. Sales also decreased by 90.50% year-over-year.
The significant miss on both EPS and sales estimates, along with a drastic year-over-year sales decline, is likely to negatively impact NRGV's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100