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

Getaround

28/03/2024 21:24

* Getaround Inc  GETR.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 -58
cents.  The lone analyst forecast for the quarter was for a loss
of 21 cents per share. 
    * Revenue rose 29.9% to $18.74 million from a year ago;
analysts
expected $19.48 million. 
    * Getaround Inc's reported EPS for the quarter was a loss
of 36
cents​.
    * The company reported a quarterly loss of $33.53 million.
    * Getaround Inc shares had risen by 31.7% 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Getaround
Inc is
$2.00 

This summary was machine generated from LSEG data March 28 at
09:24 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      -0.21          -0.36          Missed
                                  -0.29          
 Jun. 30 2023      -0.24          -0.33          Missed
 Mar. 31 2023      -0.42          -0.25          Beat