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

Energous

28/03/2024 21:45

* Energous Corp  WATT.OQ  reported a quarterly adjusted loss
of 88
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-1.40.  The lone analyst forecast for the quarter was for a
loss of 85 cents per share. 
    * Revenue fell 48.8% to $91.67 thousand from a year ago;
analysts
expected $200.00 thousand. 
    * Energous Corp's reported EPS for the quarter was a loss
of 99
cents​.
    * The company reported a quarterly loss of $4.6 million.
    * Energous Corp shares had risen by 6.6% this quarter.

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
"strong buy"
and the breakdown of recommendations is 1 "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 "strong buy"

Wall Street's median 12-month price target for Energous Corp is
$11.75 
This summary was machine generated from LSEG data March 28 at
09:45 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      -0.85          -0.88          Missed
 Sep. 30 2023      -1.20          -0.89          Beat
 Jun. 30 2023      -1.40          -1.20          Beat
 Mar. 31 2023      -1.40          -1.20          Beat