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

Arbe Robotics

06/08/2024 15:21

* Arbe Robotics Ltd  ARBE.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -19 cents.  The mean expectation of three analysts for the
quarter was for a loss of 17 cents per share. Wall Street
expected results to range from -20 cents to -14 cents per share.
    * Revenue rose 41.5% to $409.00 thousand from a year ago;
analysts
expected $296.67 thousand. 
    * Arbe Robotics Ltd's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $11.75 million.
    * Arbe Robotics Ltd shares had risen by 12.6% this
quarter and
lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.1%
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 4 "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 $3.50 
This summary was machine generated from LSEG data August 6 at
02:21 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
 Jun. 30 2024      -0.17          -0.15          Beat
 Mar. 31 2024      -0.14          -0.16          Missed
 Dec. 31 2023      -0.13          -0.15          Missed
 Sep. 30 2023      -0.16          -0.18          Missed