Cbak Energy Technology Inc Reports Results For The Quarter Ended In June: Earnings Summary

CBAK Energy Technology

09/08/2024 16:49

* CBAK Energy Technology Inc  CBAT.OQ  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported breakeven earnings per share.  The lone analyst
forecast for the quarter was for earnings of 7 cents per share. 
    * Revenue fell 15.2% to $47.79 million from a year ago;
analysts
expected $62.57 million. 
    * CBAK Energy Technology Inc's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $6.45
million.
    * CBAK Energy Technology Inc shares had fallen by 23.4% this
quarter and held steady so far this year.

FORECAST CHANGES
    * 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 $2.50 

This summary was machine generated from LSEG data August 9 at
03:49 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
 Jun. 30 2024      0.07           0.07           Met
 Mar. 31 2024                     0.11           
 Dec. 31 2023                     -0.01          
 Sep. 30 2023      -0.02          0.00           Beat