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

Cepton

07/08/2023 23:10

* Cepton Inc  CPTN.OQ  reported a quarterly adjusted loss
of 9
cents​​ 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 rose 8.9% to $2.79 million from a year ago;
analysts
expected $2.65 million. 
    * Cepton Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.9%
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 73.2% this quarter and
lost 33.9%
so far this year.
    * The company reported a quarterly loss of $14.19 million.
    * Wall Street's median 12-month price target for Cepton Inc
is
$2.00 
    * 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 LSEG Refinitiv data
August 7 at 10:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.09          -0.09          Met
 Mar. 31 2023      -0.10          -0.09          Beat
 Dec. 31 2022      -0.10          -0.10          Met
 Sep. 30 2022      -0.10          -0.11          Missed