How did GP's Q1 2024 EPS outperform forecasts?

GreenPower Motor Company Inc. (GP) experienced a notable discrepancy between its actual earnings per share (EPS) and the forecasted EPS during the first quarter of 2024. Here's a detailed analysis: 1. **GP's Q1 2024 Financial Performance**: - GreenPower Motor reported an EPS of -21 cents for Q1 2025. - The company’s revenue for the quarter was $3.00 million. 2. **Comparison with Forecasts**: - The forecasted EPS for Q1 2024 was -22 cents. - Thus, GP’s actual EPS exceeded forecasts by 1 cent, indicating a better-than-expected performance. 3. **Revenue Analysis**: - GreenPower Motor’s revenue of $3.00 million for Q1 2024 was significantly lower than the MRQ total of $7.22 million. - This decline in revenue, coupled with the positive EPS surprise, suggests that the company's cost management or operational efficiency improved, leading to better profitability despite lower revenue. |code|Ticker|Name|Date|Estimate EPS|EPS Surprise|market_code| |---|---|---|---|---|---|---| |GP|GP.O|Greenpower Motor|2024 Q4|-0.15|-0.12|186| |GP|GP.O|Greenpower Motor|2025 Q1|-0.17||186| |GP|GP.O|Greenpower Motor|2025 Q2|-0.22||186| |GP|GP.O|Greenpower Motor|2025 Q3|-0.19||186| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |GP|GP.O|Greenpower Motor|2024 Q4|-66.72246366508524|5092890|186| |GP|GP.O|Greenpower Motor|2025 Q1|-82.95286595626371|2997058|186| |GP|GP.O|Greenpower Motor|2025 Q2|-36.644743311915505|5347190|186| |GP|GP.O|Greenpower Motor|2025 Q3|-11.510688187973152|7218897|186| In conclusion, GreenPower Motor's Q1 2024 EPS outperformed forecasts due to effective cost management or operational efficiency improvements, despite a decline in revenue compared to the previous quarter.