LUXH Earnings

LUXH reported its earnings on 2024-11-20, showcasing a revenue of 13.00M against an estimate of 28.00M, resulting in a -53.18% surprise. The EPS was -0.24, surpassing the expected -0.01 by -2300% . The stock experienced a -22.45% price change on the earnings day and a -35.2% change over the next five days, reflecting market reactions to the results.

Following LUXH's earnings announcement on 2024-11-20, the stock price moved by -22.45% on the day of the release. Over the subsequent five days, it saw a -35.20% change. Historically, LUXH's stock price tends to shift by an average of +51.79% in the 10 days leading up to earnings and -21.41% in the 10 days following, providing insight into potential market.

For 2024/Q4, analysts estimate LUXH’s annual revenue to reach 30.00M, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between LUXH'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 were No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, LUXH's stock price typically moves by +51.79% in the 10 days before its earnings and -21.41% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of undefined and revenue of 30.00M.

The earnings call reveals significant financial struggles, including a 43% revenue drop and severe liquidity issues. The lack of a share buyback program and unclear guidance on one-time expenses further dampen sentiment. Despite optimistic future guidance, the current financial health is poor, with a working capital deficit of $62.6 million. The Q&A session highlights management's lack of clarity and confidence, particularly regarding NASDAQ compliance and operating expenses. Overall, the negative financial performance and operational challenges suggest a strong negative stock price reaction.