American Battery Technology Co reports results for the quarter ended in March - Earnings Summary

American Battery Technology

16/05/2024 24:19

* American Battery Technology Co  ABAT.OQ  reported a
quarterly
adjusted loss of 19 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of -15 cents.  The mean expectation of two analysts
for the quarter was for a loss of 12 cents per share. Wall
Street expected results to range from -14 cents to -11 cents per
share.
    * Reported revenue was zero​; analysts expected $7.16
million. 
    * The company reported a quarterly loss of $10 million.
    * American Battery Technology Co shares had fallen by 25.1%
this
quarter and lost 72.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1,350% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the agricultural
chemicals peer group is also "buy"

Wall Street's median 12-month price target for American Battery
Technology Co is $7.50 
This summary was machine generated from LSEG data May 15 at
11:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.12          -0.19          Missed
 Dec. 31 2023      -0.06          -0.21          Missed
 Sep. 30 2023      -0.09          -0.16          Missed
 Jun. 30 2023      -0.15          -0.16          Missed