Cepton Inc reports results for the quarter ended in December - Earnings Summary

Cepton

28/03/2024 21:52

* Cepton Inc  CPTN.OQ  reported a quarterly adjusted loss
of 52
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-1.00.  The mean expectation of five analysts for the quarter
was for a loss of 74 cents per share. Wall Street expected
results to range from -83 cents to -51 cents per share.
    * Revenue rose 214.1% to $4.95 million from a year ago;
analysts
expected $2.46 million. 
    * Cepton Inc's reported EPS for the quarter was a loss of 52
cents​.
    * The company reported a quarterly loss of $8.32 million.
    * Cepton Inc shares had fallen by 11.1% 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
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Cepton Inc is
$10.00 
This summary was machine generated from LSEG data March 28 at
09:52 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
 Dec. 31 2023      -0.74          -0.52          Beat
 Sep. 30 2023      -0.92          -0.71          Beat
 Jun. 30 2023      -0.95          -0.90          Beat
 Mar. 31 2023      -0.96          -0.90          Beat