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

CBAK Energy Technology

10/05/2024 14:31

* CBAK Energy Technology Inc  CBAT.OQ  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The lone analyst forecast for the
quarter was for a loss of one cent per share. 
    * Revenue was $58.82 million​; analysts expected $62.78
million. 
    * CBAK Energy Technology Inc's reported EPS for the quarter
was 11
cents​.
    * The company reported quarterly net income of $9.84
million.
    * CBAK Energy Technology Inc shares had risen by 6.7% this
quarter and gained 5.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 200%
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 $1.80 

This summary was machine generated from LSEG data May 10 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.01          0.11           Beat
 Dec. 31 2023      0.01           -0.01          Missed
 Sep. 30 2023      -0.02          0.00           Beat
                                  0.00