EVgo Inc. (EVGO) Reports Q3 Loss, Tops Revenue Estimates
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EVgo Inc. (EVGO) reported a Q3 loss of $0.11 per share, slightly worse than the Zacks Consensus Estimate of a $0.10 loss. However, the company exceeded revenue expectations.
November 12, 2024 | 2:30 pm
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NEUTRAL IMPACT
EVgo Inc. reported a Q3 loss of $0.11 per share, missing the Zacks Consensus Estimate by $0.01. Despite the earnings miss, the company exceeded revenue expectations, which could mitigate negative investor sentiment.
The earnings per share (EPS) miss by $0.01 is a negative indicator, but the fact that EVgo exceeded revenue expectations could offset some of the negative sentiment. This mixed result may lead to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100