Shares of Intuitive Machines (NASDAQ:LUNR) plummeted 5.05% in intraday trading on Wednesday following a downward revision in analyst expectations after the company's latest annual results. The space technology firm's stock took a hit as market participants reacted to the less optimistic outlook for its near-term financial performance.
According to the latest consensus estimates, analysts have significantly lowered their revenue forecasts for Intuitive Machines in 2025. The new projection stands at US$280.6 million, down from the previous estimate of US$339.5 million. This represents a substantial cut in expected top-line growth, despite still anticipating a 23% year-over-year increase. Furthermore, the loss per share forecast for 2025 has widened from US$0.18 to US$0.27, indicating potential challenges in the company's path to profitability.
While Intuitive Machines is still expected to outpace the industry's average revenue growth rate of 6.9%, the reduced expectations have clearly dampened investor enthusiasm. The market's negative reaction suggests concerns about the company's ability to meet its previous growth targets and achieve sustainable profitability in the near term. As Intuitive Machines navigates this period of readjusted expectations, investors will be closely monitoring the company's progress in executing its business strategy and improving its financial outlook.
Comments