Intuitive Machines' stock experienced a significant pre-market plunge of 5.69% on Thursday, as investors reacted negatively to the company's latest earnings outlook.

The decline follows the release of earnings forecasts showing the company's fourth-quarter EPS is expected to be a loss of 5 cents, compared with a loss of 1 cent in the prior-year period. The adjusted EPS forecast is even worse at a loss of 6 cents, indicating a deteriorating financial performance that has concerned market participants.