Aterian Inc reports results for the quarter ended September 30 - Earnings Summary

Aterian

12/11/2024 03:43

* Aterian Inc  ATER.OQ  reported a quarterly adjusted loss
of 25
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -96 cents.  The mean expectation of three analysts for the
quarter was for a loss of 55 cents per share. Wall Street
expected results to range from -95 cents to -33 cents per share.
    * Revenue fell 33.9% to $26.24 million from a year ago;
analysts
expected $26.01 million. 
    * Aterian Inc's reported EPS for the quarter was a loss
of 25
cents​.
    * The company reported a quarterly loss of $1.77 million.
    * Aterian Inc shares had risen by 4.2% this quarter and
lost 28.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the appliances,
tools &
housewares peer group is also "buy"

Wall Street's median 12-month price target for Aterian Inc is
$8.50 
This summary was machine generated from LSEG data November 12 at
03:43 a.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      -0.55          -0.25          Beat
 Jun. 30 2024      -0.64          -0.52          Beat
 Mar. 31 2024      -1.12          -0.76          Beat
 Dec. 31 2023      -1.59          -1.20          Beat