Arcimoto Inc reports results for the quarter ended in December - Earnings Summary

Arcimoto

17/04/2023 22:02

* Arcimoto Inc  FUV.OQ  reported a quarterly adjusted loss
of
$5.25​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for a loss of
$3.74 per share.
    * Revenue rose 206.9% to $2.38 million from a year ago;
analysts
expected $2.35 million. 
    * Arcimoto Inc's reported EPS for the quarter was a loss of
$5.25​.
    * The mean earnings estimate of analysts had risen by
about 29.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Arcimoto Inc shares had risen by 30.7% this quarter and
lost 44.5% so far this year.
    * The company reported a quarterly loss of $15.56 million.
    * Wall Street's median 12-month price target for Arcimoto
Inc is
$170.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 17 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -3.74          -5.25          Missed
 Sep. 30 2022      -6.00          -7.60          Missed
 Jun. 30 2022      -6.00          -8.80          Missed
 Mar. 31 2022      -5.92          -6.80          Missed