Intuitive Machines' (LUNR) stock performance after earnings is likely to be influenced by several factors. Here's an analysis to support this conclusion:
- Earnings Report Date and Expectations: Intuitive Machines is scheduled to release its financial results for the third quarter of 2024 on November 14, 2024, before the market opens12. Analysts have a consensus EPS forecast of -$0.12 for the quarter3.
- Historical Performance and Analyst Ratings: The stock has experienced volatility, with a significant price drop, for example, from $6.07 to $5.70 (a 6.10% decrease) on May 14, 2024, following the earnings report for the previous quarter3. However, there have also been positive movements, such as a 3.3% increase from $8.08 to $8.35 on October 15, 202445. Analysts have a mixed outlook with a strong buy consensus, but the earnings per share (EPS) estimates for the current fiscal year and the next fiscal year are $06.
- Recent Developments and Market Sentiment: The company has secured notable contracts, including a $4.82 billion contract from NASA for communication and navigation services7. This could positively influence the stock price if the earnings report reflects the success of these contracts. However, the trailing four-quarter average negative earnings surprise is 15.18%, indicating potential discrepancies between expectations and actual earnings7.
- Stock Price Movement and Market Indicators: The stock's market capitalization is $1.28 billion, with a price-to-earnings ratio of -11.006. The 50-day simple moving average is $7.23, and the 200-day simple moving average is $5.456. These indicators suggest that the stock has been trading below its averages, which could be a bearish signal.
- Investor Considerations: Investors should consider the potential for growth based on the company's contracts and market position, but also be aware of the risks associated with negative earnings surprises and the stock's historical volatility76.
In conclusion, while Intuitive Machines has potential for growth based on its contracts and market position, the likelihood of the stock going up after earnings will depend on how well the company performs relative to expectations and how the market reacts to the earnings report. The mixed analyst ratings and the recent price movements indicate that the stock's performance after earnings is uncertain. Investors should exercise caution and consider both the potential upside and downside risks.
11/13/2024 11:03am
