Cyngn Inc Expected To Post A Loss Of 6 Cents A Share: Earnings Preview

Cyngn

07/05/2024 01:45

* CYNGN Inc  CYN.OQ   CYN.O  is expected to show a fall in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Menlo Park California-based  company is expected to
report a
58.7% decrease in revenue to $360 thousand from $872 thousand a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for CYNGN Inc is for a loss
of 6
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 20.0%
in the last three months. ​
    * Wall Street's median 12-month price target for CYNGN Inc
is
$2.70​, above​ its last closing price of $0.10. ​​​

This summary was machine generated May 7 at 00:45 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)