Arbe Robotics Ltd reports results for the quarter ended September 30 - Earnings Summary

Arbe Robotics

27/11/2024 14:31

* Arbe Robotics Ltd  ARBE.OQ  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -18 cents.  The mean expectation of two analysts for the
quarter was for a loss of 16 cents per share. 
    * Revenue fell 74.3% to $123.00 thousand from a year ago;
analysts
expected $450.00 thousand. 
    * Arbe Robotics Ltd's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $12.57 million.
    * Arbe Robotics Ltd shares had held steady so far this
quarter and
lost 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7% 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 3 "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 $4.00 
This summary was machine generated from LSEG data November 27 at
02:31 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
 Sep. 30 2024      -0.16          -0.19          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