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

Arcimoto

16/11/2022 04:18

* Arcimoto Inc  FUV.OQ  reported a quarterly adjusted loss
of 38
cents​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for a loss
of 30 cents per share.
    * Revenue rose 35.1% to $2.02 million from a year ago;
analysts
expected $3.37 million. 
    * Arcimoto Inc's reported EPS for the quarter was a loss
of 38
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.3%
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 fallen by 55.1% this quarter and
lost 92.0% so far this year.
    * The company reported a quarterly loss of $16.96 million.
    * Wall Street's median 12-month price target for Arcimoto
Inc is
$7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
16 at 04:18 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.30          -0.38          Missed
 Jun. 30 2022      -0.30          -0.44          Missed
 Mar. 31 2022      -0.30          -0.34          Missed
 Dec. 31 2021      -0.24          -0.61          Missed