Yahoo Finance Nikola First Quarter 2023 Earnings: Misses Expectations
Nikola (NASDAQ:NKLA) First Quarter 2023 Results
Key Financial Results
Revenue: US$11.1m (up 489% from 1Q 2022).
Net loss: US$169.1m (loss widened by 11% from 1Q 2022).
US$0.31 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nikola Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) also missed analyst estimates by 2.2%.
Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 5 warning signs for Nikola you should be aware of, and 2 of them can't be ignored.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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