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NuScale Power Corporation (SMR) Reports Q1 Loss, Misses Revenue Estimates

Zacks Equity Research, Fri, 10 May 2024

NuScale Power Corporation (SMR) came out with a quarterly loss of $0.21 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post a loss of $0.22 per share when it actually produced a loss of $0.25, delivering a surprise of -13.64%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

NuScale Power , which belongs to the Zacks Electronics – Power Generation industry, posted revenues of $1.38 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 56.22%. This compares to year-ago revenues of $5.51 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings cal

……………………………………………………. the shares are expected to underperform the market in the near future. …………………………..  https://au.finance.yahoo.com/news/nuscale-power-corporation-smr-reports-213506291.html

May 12, 2024 - Posted by Christina Macpherson | business and costs