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

Energous

10/05/2023 22:40

* Energous Corp  WATT.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 7
cents per share.
    * Revenue fell 55.2% to $96.68 thousand from a year ago;
analysts
expected $164.50 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 30.0% this quarter and
lost 54.8% so far this year.
    * Wall Street's median 12-month price target for Energous
Corp is
$1.63 
    * 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 May
10 at 09:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.07          -0.08          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