FFIE Earnings

FFIE reported its earnings on 2024-07-30, showcasing a revenue of 0.00 against an estimate of 0.00, resulting in a 0% surprise. The EPS was -0.66, surpassing the expected 0 by 0% . The stock experienced a -7.06% price change on the earnings day and a -23.53% change over the next five days, reflecting market reactions to the results.

Following FFIE's earnings announcement on 2024-07-30, the stock price moved by -7.06% on the day of the release. Over the subsequent five days, it saw a -23.53% change. Historically, FFIE's stock price tends to shift by an average of +0.60% in the 10 days leading up to earnings and -28.68% in the 10 days following, providing insight into potential market.

For 2024/Q3, analysts estimate FFIE’s annual revenue to reach 26.00M, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between FFIE's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2024 were No Change by 0%, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, FFIE's stock price typically moves by +0.60% in the 10 days before its earnings and -28.68% in the 10 days after. For the upcoming 2024/Q3 earnings, analysts expect an EPS of undefined and revenue of 26.00M.

The earnings call presents a mixed picture: significant cost reductions and operational efficiency improvements are positive, but financial health remains a concern with a high loss before taxes and low cash reserves. The Q&A section lacks clarity, indicating potential risks. New financing commitments are positive, but the reliance on convertible debt and reverse stock splits may dilute shareholder value. The strategic expansion and new brand launch are promising, yet contingent on securing additional funding. Overall, these factors suggest a neutral stock price movement in the short term.