Amprius Technologies (AMPX) Reports Q3 Loss, Tops Revenue Estimates

Core Viewpoint - Amprius Technologies reported a quarterly loss of $0.10 per share, slightly better than the Zacks Consensus Estimate of a loss of $0.11, indicating a 9.09% earnings surprise [1] - The company achieved revenues of $7.86 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.01% and showing significant growth from $2.8 million year-over-year [2] Financial Performance - Over the last four quarters, Amprius has exceeded consensus EPS estimates two times and topped revenue estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of $5.26 million, and for the current fiscal year, it is -$0.51 on revenues of $16.3 million [7] Stock Performance and Outlook - Amprius shares have declined approximately 76.2% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The estimate revisions trend for Amprius is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Technology Services industry, to which Amprius belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable environment for companies within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]