NextNav Q2 EPS $(0.21) Misses $(0.14) Estimate, Sales $1.10M Miss $1.62M Estimate
Portfolio Pulse from totan@benzinga.com
NextNav (NASDAQ:NN) reported Q2 earnings per share (EPS) of $(0.21), missing the analyst estimate of $(0.14) by 50%. Sales were $1.10M, missing the $1.62M estimate by 31.79%. Despite the misses, sales increased by 38.13% year-over-year.
August 07, 2024 | 9:53 pm
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NEGATIVE IMPACT
NextNav reported Q2 EPS of $(0.21), missing the $(0.14) estimate by 50%. Sales of $1.10M also missed the $1.62M estimate by 31.79%. Despite the misses, sales increased by 38.13% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100