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Cbak Energy Technology Inc Reports Results For The Quarter Ended December 31: Earnings Summary

CBAK Energy Technology Inc CBAT.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -1 cents.  The lone analyst forecast for the quarter was for earnings of one cent per share.

Revenue fell 54.8% to $25.37 million from a year ago; analysts expected $50.11 million.

CBAK Energy Technology Inc's reported EPS for the quarter was a loss of 5 cents​.

The company reported a quarterly loss of $4.51 million.

CBAK Energy Technology Inc shares had fallen by 9.6% this quarter.

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

Wall Street's median 12-month price target for CBAK Energy Technology Inc is $2.00

This summary was machine generated from LSEG data March 17 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Dec. 31 20240.01-0.05Missed
Sep. 30 20240.070.00Missed
Jun. 30 20240.070.07Met
Mar. 31 2024-0.010.11Beat

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