Arbe Robotics Ltd reports results for the quarter ended in December - Earnings Summary

Arbe Robotics

02/03/2023 14:38

* Arbe Robotics Ltd  ARBE.OQ  reported a quarterly adjusted
loss
of 25 cents​​ per share for the quarter ended in December. The
mean expectation of four analysts for the quarter was for a loss
of 14 cents per share.
    * Revenue fell 71.3% to $149.00 thousand from a year ago;
analysts
expected $1.95 million. 
    * Arbe Robotics Ltd's reported EPS for the quarter was a
loss
of 25 cents​.
    * The mean earnings estimate of analysts had risen by
about 9.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Arbe Robotics Ltd shares had risen by 73.9% this quarter.
    * The company reported a quarterly loss of $11.11 million.
    * Wall Street's median 12-month price target for Arbe
Robotics Ltd
is $9.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 2
at 02:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.14          -0.25          Missed
 Sep. 30 2022      -0.16          -0.16          Met
 Jun. 30 2022      -0.16          -0.18          Missed
 Mar. 31 2022      -0.18          -0.12          Beat