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

Cepton

09/08/2022 02:26

* Cepton Inc  CPTN.OQ  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss of 9
cents per share.
    * Revenue was $2.56 million​; analysts expected $2.18
million. 
    * Cepton Inc's reported EPS for the quarter was 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Cepton Inc shares had risen by 17.9% this quarter and
lost 81.5%
so far this year.
    * The company reported quarterly net income of $843
thousand.
    * Wall Street's median 12-month price target for Cepton Inc
is
$5.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 9
at 01:26 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.09          0.01           Beat
 Mar. 31 2022      -0.09          -0.11          Missed