How will ACHR's EPS perform in Q3 2024?

**Archer Aviation's (ACHR) EPS is expected to be negative in Q3 2024.** Here's a detailed analysis: 1. **Analyst Estimates**: HC Wainwright analyst A. Dayal expects Archer Aviation to earn ($0.37) per share in Q3 2024. This suggests a potential for a negative EPS if the actual earnings fall below this estimate. 2. **Consensus Estimate**: The consensus estimate for Archer Aviation’s current full-year earnings is ($1.20) per share. Given that Q3 is a quarter within this full-year period, the EPS for Q3 is likely to be a fraction of this full-year estimate. 3. **Historical Performance**: Archer Aviation has faced significant challenges, including a substantial 1-year change with a decline of -36.98%. The company's financials show that it ended Q2 with $360.4 million in cash and equivalents, which indicates a strong liquidity position but does not guarantee positive earnings. 4. **Operational Progress**: Archer has surpassed its annual test flight goal, conducting 402 flights in 2024, which is a preparatory step toward for-credit flight testing with the Federal Aviation Administration (FAA). While this is a positive operational milestone, it may not immediately translate to positive earnings due to ongoing development and testing costs. 5. **Market Conditions**: The aviation industry is complex and subject to various market factors, including regulatory approvals, technological advancements, and competitive dynamics. These factors can impact the profitability of companies like Archer Aviation. In conclusion, while there is a possibility of a slight positive EPS due to analyst estimates, the consensus estimate and the company's historical performance and current market conditions suggest that ACHR's EPS is more likely to be negative in Q3 2024.