Fisker Q4 Earnings Preview: Analyst Estimates, Dealer Model And Guidance In Focus
Electric vehicle (EV) company Fisker Inc (NYSE:FSR) reports fourth-quarter financial results after market close Thursday.
Here is a look at key analyst estimates for the company and key items to watch in the earnings report.
Earnings Estimates: Analysts expect Fisker to post fourth-quarter revenue of $310.8 million according to data from Benzinga Pro.
The company reported revenue of $306,000 in last year’s fourth quarter. The recent third quarter saw the company posted revenue of $71.8 million.
Fisker has missed revenue estimates from analysts in three straight quarters.
Analysts expect Fisker to post a loss of 27 cents per share in the fourth quarter, which would be an improvement on the loss of 54 cents in last year’s fourth quarter.
The company has missed earnings per share estimates from analysts in five of the last six quarters.
Related Link: EV Startup Fisker Embraces Dealership Model To Boost Sales – What’s On The Cards?
What Analysts Are Saying: Needham analyst Chris Pierce highlighted the struggles Fisker faces getting vehicles to U.S. customers after the third-quarter.
“Given this dynamic FSR is in the midst of slowing Q4 production to right size vehicle inventories vs the pace of deliveries, driving up to lower our ’24 estimates out of caution as the timing on …
Full story available on Benzinga.com
