Dragonfly Energy Holdings Corp reports results for the quarter ended in December - Earnings Summary

Dragonfly Energy Holdings

16/04/2024 16:01

* Dragonfly Energy Holdings Corp  DFLI.OQ  reported a
quarterly
adjusted loss of 11 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -47 cents.  The mean expectation of
four analysts for the quarter was for a loss of 20 cents per
share. 
    * Revenue fell 48.3% to $10.44 million from a year ago;
analysts
expected $12.24 million. 
    * Dragonfly Energy Holdings Corp's reported EPS for the
quarter
was 5 cents​.
    * The company reported quarterly net income of $3.01
million.
    * Dragonfly Energy Holdings Corp shares had fallen by 16.7%
this
quarter and lost 16.9% so far this year.

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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Dragonfly
Energy
Holdings Corp is $1.13 

This summary was machine generated from LSEG data April 16 at
03:01 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      -0.20          -0.11          Beat
 Sep. 30 2023      -0.20          -0.19          Beat
 Jun. 30 2023      -0.19          -0.23          Missed
 Mar. 31 2023      -0.23          0.10           Beat