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

Cepton

13/05/2024 22:38

* Cepton Inc  CPTN.OQ  reported a quarterly adjusted loss
of 43
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -90
cents.  The mean expectation of four analysts for the quarter
was for a loss of 66 cents per share. Wall Street expected
results to range from -71 cents to -60 cents per share.
    * Revenue rose 31% to $1.95 million from a year ago;
analysts
expected $4.40 million. 
    * Cepton Inc's reported EPS for the quarter was a loss of 43
cents​.
    * The company reported a quarterly loss of $6.83 million.
    * Cepton Inc shares had risen by 4.3% this quarter and
lost 7.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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 May 13 at
09:38 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
 Mar. 31 2024      -0.66          -0.43          Beat
 Dec. 31 2023      -0.74          -0.52          Beat
 Sep. 30 2023      -0.92          -0.71          Beat
 Jun. 30 2023      -0.95          -0.90          Beat