SGBX Earnings

SGBX reported its earnings on 2024-08-19, showcasing a revenue of 0.00 against an estimate of 0.00, resulting in a 0% surprise. The EPS was 0, surpassing the expected 0 by 0% . The stock experienced a 2.02% price change on the earnings day and a 35.86% change over the next five days, reflecting market reactions to the results.

Following SGBX's earnings announcement on 2024-08-19, the stock price moved by 2.02% on the day of the release. Over the subsequent five days, it saw a 35.86% change. Historically, SGBX's stock price tends to shift by an average of +27.36% in the 10 days leading up to earnings and -4.16% in the 10 days following, providing insight into potential market.

For , analysts estimate SGBX’s annual revenue to reach , while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue Go Down by -34.50% and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between SGBX'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 Go Down by -34.50%, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, SGBX's stock price typically moves by +27.36% in the 10 days before its earnings and -4.16% in the 10 days after. For the upcoming earnings, analysts expect an EPS of undefined and revenue of .

The company's financial performance shows significant challenges, including a net loss, negative gross profit, and increased operating expenses. Despite a 70% increase in manufacturing revenue and a promising project pipeline, the Q&A revealed unclear management responses on timelines and returns, raising concerns. The stockholders' equity decline and economic uncertainties further contribute to a negative sentiment. These factors, combined with execution risks and potential supply chain disruptions, suggest a likely negative stock price reaction over the next two weeks.