Energous Corp reports results for the quarter ended in December - Earnings Summary

Energous

09/03/2023 22:02

* Energous Corp  WATT.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for a loss of 7
cents per share.
    * Revenue fell 20.6% to $179.00 thousand from a year ago;
analysts
expected $200.00 thousand. 
    * Energous Corp's reported EPS for the quarter was a loss
of 8
cents​.
    * 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. 
    * Energous Corp shares had fallen by 19.4% this quarter.
    * The company reported a quarterly loss of $6.14 million.
    * Wall Street's median 12-month price target for Energous
Corp is
$1.95 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.07          -0.07          Met
 Sep. 30 2022      -0.07          -0.06          Beat
 Jun. 30 2022      -0.08          -0.08          Met
 Mar. 31 2022      -0.08          -0.08          Met