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

Berkshire Grey

29/03/2023 14:31

* Berkshire Grey Inc  BGRY.OQ  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter ended in December. The
mean expectation of two analysts for the quarter was for a loss
of 12 cents per share.
    * Revenue fell 43.6% to $13.31 million from a year ago;
analysts
expected $19.46 million. 
    * Berkshire Grey Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * 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. 
    * Berkshire Grey Inc shares had risen by 128.5% this
quarter.
    * The company reported a quarterly loss of $23.25 million.
    * Wall Street's median 12-month price target for Berkshire
Grey
Inc is $2.70 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 29 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.12          -0.10          Beat
 Sep. 30 2022      -0.13          -0.12          Beat
 Jun. 30 2022      -0.15          -0.13          Beat
 Mar. 31 2022      -0.13          -0.13          Met