Spruce Power Holding Q2 EPS $(0.45) Misses $(0.07) Estimate, Sales $22.48M Miss $24.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Spruce Power Holding (NYSE:SPRU) reported Q2 EPS of $(0.45), missing the $(0.07) estimate by 542.86%. Sales were $22.48M, missing the $24.48M estimate by 8.17%. This represents a 400% decrease in EPS and a 1.46% decrease in sales compared to the same period last year.
August 14, 2024 | 8:06 pm
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NEGATIVE IMPACT
Spruce Power Holding reported significantly worse-than-expected Q2 earnings and sales, with EPS missing estimates by 542.86% and sales missing by 8.17%. This represents a substantial decline in performance compared to the same period last year.
The significant miss on both EPS and sales estimates, along with a substantial year-over-year decline in EPS, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100