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

Aterian

12/03/2024 22:20

* Aterian Inc  ATER.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -27
cents.  The mean expectation of four analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -17 cents to -10 cents per share.
    * Revenue fell 40.3% to $32.75 million from a year ago;
analysts
expected $29.34 million. 
    * Aterian Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $7.71 million.
    * Aterian Inc shares had risen by 41.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the appliances,
tools &
housewares peer group is also "hold"

Wall Street's median 12-month price target for Aterian Inc is
$0.75 
This summary was machine generated from LSEG data March 12 at
10:20 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
 Dec. 31 2023      -0.13          -0.10          Beat
 Sep. 30 2023      -0.13          -0.08          Beat
 Jun. 30 2023      -0.13          -0.45          Missed
 Mar. 31 2023      -0.16          -0.12          Beat