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

Energous

14/05/2024 22:22

* Energous Corp  WATT.OQ  reported a quarterly adjusted loss
of
$1.11​​ per share for the quarter ended in March, 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 77 cents per share. Wall Street expected
results to range from -85 cents to -70 cents per share.
    * Revenue fell 33.8% to $64.00 thousand from a year ago;
analysts
expected $146.00 thousand. 
    * Energous Corp's reported EPS for the quarter was a loss of
$1.11​.
    * The company reported a quarterly loss of $6.6 million.
    * Energous Corp shares had fallen by 25.6% this quarter and
lost 17.5% so far this year.

FORECAST CHANGES
    * 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is  "hold."

Wall Street's median 12-month price target for Energous Corp is
$2.00 
This summary was machine generated from LSEG data May 14 at
09:22 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      -0.77          -1.11          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