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

Energous

09/08/2024 24:11

* Energous Corp  WATT.OQ  reported a quarterly adjusted loss
of 65
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of
$-1.20.  The mean expectation of two analysts for the quarter
was for a loss of 74 cents per share. Wall Street expected
results to range from -81 cents to -68 cents per share.
    * Revenue fell 60.7% to $46.00 thousand from a year ago;
analysts
expected $169.50 thousand. 
    * Energous Corp's reported EPS for the quarter was a loss
of 65
cents​.
    * The company reported a quarterly loss of $4.26 million.
    * Energous Corp shares had fallen by 17.6% this quarter and
lost 50.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.6%
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 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is  "buy."

Wall Street's median 12-month price target for Energous Corp is
$2.25 
This summary was machine generated from LSEG data August 8 at
11:11 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
 Jan. 1 0001       -0.74          -0.65          Beat
 Mar. 31 2024      -0.77          -1.11          Missed
 Dec. 31 2023      -0.85          -0.88          Missed
 Sep. 30 2023      -1.20          -0.89          Beat