Cepton Inc expected to post a loss of 74 cents a share - Earnings Preview

Cepton

08/03/2024 21:09

* Cepton Inc  CPTN.OQ   CPTN.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 12
(estimated) for the period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
56.1% increase in revenue to $2.46 million from $1.58 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Cepton Inc is for a loss
of 74
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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
$10.00​, above​ its last closing price of $2.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.94       -0.92      -0.71     Beat    22.8
 Jun. 30 2023  -1.00       -0.95      -0.90     Beat    5.3
 Mar. 31 2023  -1.00       -0.96      -0.90     Beat    6.3​
 Dec. 31 2022              -1.00      -1.00     Met     0
 ​​Sep.        -1.04       -1.05      -1.10     Missed  -4.8
 30 2022                                                
 Jun. 30 2022  -0.97       -0.95      0.10      Beat    110.5​
 Mar. 31 2022  -0.94       -0.93      -1.10     Missed  -17.9
 This summary was machine generated March 8 at 21:09 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)