Latch Inc expected to post a loss of 29 cents a share - Earnings Preview

Latch

25/11/2022 21:12

* Latch Inc  LTCH.OQ   LTCH.O  is expected to show a rise in
quarterly revenue when it reports  results on November 28
(estimated). 
    * The New York City-based  company is expected to report  a
88.7% increase in revenue to $17.004 million from $9.01 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on May 5 2022,
for the period ended June 30, was for revenue between $16.50
million and $18.50 million.
    * ​Refinitiv's mean analyst estimate for Latch Inc is for a
loss
of 29 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Latch Inc
is
$2.75​, above​ its last closing price of $1.06. ​​​

The company's guidance on May 5 2022 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 16.5 million and -36 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -0.31       -0.32      -0.36     Missed  -11.8
 Dec. 31 2022  -0.27       -0.27      -0.26     Beat    5.5
 Sep. 30 2021  -0.25       -0.25      -0.25     Met     2​
 Jun. 30 2021  -0.23       -0.16      -0.66     Missed  -321.3
 ​​                                                     
                                                        ​
 This summary was machine generated November 25 at 21:12 GMT. 
All figures in US dollars  unless otherwise stated