Fisker Inc reports results for the quarter ended in December - Earnings Summary

Fisker

29/02/2024 22:38

* Fisker Inc  FSR.N  reported a quarterly adjusted loss
of 36
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -54
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 27 cents per share. Wall Street expected
results to range from -44 cents to -15 cents per share.
    * Revenue rose 65,292.2% to $200.10 million from a year ago;
analysts expected $310.79 million. 
    * Fisker Inc's reported EPS for the quarter was a loss of
$1.23​.
    * The company reported a quarterly loss of $463.6 million.
    * Fisker Inc shares had fallen by 58.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the auto & truck
manufacturers peer group is also "hold"

Wall Street's median 12-month price target for Fisker Inc is
$2.50 
This summary was machine generated from LSEG data February 29 at
10:37 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      -0.27          -0.36          Missed
 Sep. 30 2023      -0.19          -0.21          Missed
 Jun. 30 2023      -0.28          -0.25          Beat
 Mar. 31 2023      -0.30          -0.38          Missed