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

Aterian

09/08/2023 08:24

* Aterian Inc  ATER.OQ  reported a quarterly adjusted loss
of 45
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 13 cents per share.
    * Revenue fell 39.5% to $35.26 million from a year ago;
analysts
expected $38.36 million. 
    * Aterian Inc's reported EPS for the quarter was a loss
of 45
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Aterian Inc shares had fallen by 15.2% this quarter and
lost 49.4% so far this year.
    * The company reported a quarterly loss of $34.79 million.
    * Wall Street's median 12-month price target for Aterian Inc
is
$2.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 07:23 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.13          -0.45          Missed
 Mar. 31 2023      -0.16          -0.12          Beat
 Dec. 31 2022      -0.25          -0.27          Missed
 Sep. 30 2022      -0.22          -1.81          Missed