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

Arbe Robotics

07/03/2024 15:10

* Arbe Robotics Ltd  ARBE.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -25 cents.  The mean expectation of
four analysts for the quarter was for a loss of 13 cents per
share. Wall Street expected results to range from -14 cents
to -13 cents per share.
    * Revenue rose 132.9% to $347.00 thousand from a year ago;
analysts expected $3.97 million. 
    * Arbe Robotics Ltd's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $9.29 million.
    * Arbe Robotics Ltd shares had fallen by 11.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.4%
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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Arbe Robotics Ltd
is $5.00 
This summary was machine generated from LSEG data March 7 at
03:09 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
 Dec. 31 2023      -0.13          -0.15          Missed
 Sep. 30 2023      -0.16          -0.18          Missed
 Jun. 30 2023      -0.15          -0.19          Missed
 Mar. 31 2023      -0.14          -0.15          Missed