Cepton Inc expected to post a loss of 36 cents a share - Earnings Preview

Cepton

06/11/2024 13:59

* Cepton Inc  CPTN.OQ   CPTN.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 7
(estimated) for the period ending September 30 2024
    * The San Jose California-based  company is expected to
report a
24.3% decrease in revenue to $2.9 million from $3.83 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Cepton Inc is for a loss
of 36
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cepton Inc
is
$8.59​, above​ its last closing price of $3.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.21       -0.32      -0.06     Beat    81.5
 Mar. 31 2024  -0.64       -0.66      -0.43     Beat    34.8
 Dec. 31 2023  -0.80       -0.74      -0.52     Beat    29.7​
 Sep. 30 2023  -0.94       -0.92      -0.71     Beat    22.8
 ​​Jun.        -1.00       -0.95      -0.90     Beat    5.3
 30 2023                                                
 Mar. 31 2023  -1.00       -0.96      -0.90     Beat    6.3​
 Dec. 31 2022              -1.00      -1.00     Met     0
 Sep. 30 2022  -1.04       -1.05      -1.10     Missed  -4.8
 This summary was machine generated November 6 at 13:59 GMT.  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)