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

Dragonfly Energy Holdings

16/05/2024 24:07

* Dragonfly Energy Holdings Corp  DFLI.OQ  reported a
quarterly
adjusted loss of 17 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 10 cents.  The mean expectation of
three analysts for the quarter was for a loss of 16 cents per
share. 
    * Revenue fell 33.5% to $12.51 million from a year ago;
analysts
expected $12.13 million. 
    * Dragonfly Energy Holdings Corp's reported EPS for the
quarter
was a loss of 17 cents​.
    * The company reported a quarterly loss of $10.37 million.
    * Dragonfly Energy Holdings Corp shares had risen by 127.8%
this
quarter and gained 127.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Dragonfly Energy
Holdings Corp is $1.50 
This summary was machine generated from LSEG data May 15 at
11:07 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      -0.16          -0.17          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