How did NVVE's Q1 2024 EPS performance surprise investors?

Nuvve Holding's (NVVE) Q1 2024 EPS performance fell short of investor expectations, leading to a negative surprise.

1. **EPS Performance**: Nuvve reported an EPS of -$1.58 for Q1 2024. This was a significant decline from the previous quarter's EPS of -$6.98.

|code|Ticker|Name|Date|EPS Surprise YoY|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|NVVE|NVVE.O|Nuvve Holding|20230630|366.6666666666667|0.08|186|
|NVVE|NVVE.O|Nuvve Holding|20230930|66.66666666666666|-0.01|186|
|NVVE|NVVE.O|Nuvve Holding|20240331|-1855.5555555555557|-1.58|186|

2. **Analyst Expectations**: Prior to the earnings release, analysts had estimated an EPS of -$5.60 for the quarter. This indicates a substantial variance from the actual EPS figure reported by the company.
3. **Investor Reaction**: Given the considerable difference between the estimated and actual EPS figures, Nuvve's Q1 2024 EPS performance likely surprised investors with a negative sentiment. This is especially true considering the company's history of missing earnings estimates and the subsequent impact on stock prices.
4. **Stock Price Impact**: Following the release of earnings, the stock price may have experienced volatility due to investor reactions to the negative surprise. Historically, Nuvve's stock has been affected by both earnings misses and the guidance (or lack thereof) provided with earnings reports.