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

Arbe Robotics

17/05/2023 14:31

* Arbe Robotics Ltd  ARBE.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss
of 14 cents per share.
    * Revenue fell 59.5% to $355.00 thousand from a year ago;
analysts
expected $417.00 thousand. 
    * Arbe Robotics Ltd's reported EPS for the quarter was a
loss
of 15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.3%
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 fallen by 34.5% this
quarter and
lost 38.7% so far this year.
    * The company reported a quarterly loss of $9.91 million.
    * Wall Street's median 12-month price target for Arbe
Robotics Ltd
is $8.00 
    * 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 LSEG Refinitiv data May
17 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.14          -0.15          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