Yahoo Finance NuScale Power Third Quarter 2022 Earnings: Misses Expectations
NuScale Power (NYSE:SMR) Third Quarter 2022 Results
Key Financial Results
Net loss: US$10.7m (loss narrowed by 61% from 3Q 2021).
US$0.23 loss per share (improved from US$637 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NuScale Power Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates.
Looking ahead, revenue is forecast to grow 74% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with NuScale Power (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
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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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