Latch Inc reports results for the quarter ended in March - Earnings Summary

Latch

05/05/2022 22:54

* Latch Inc  LTCH.OQ  reported a quarterly adjusted loss
of 36
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 32 cents per share.
    * Revenue was $13.66 million​;  analysts expected $13.86
million. 
    * Latch Inc's reported EPS for the quarter was a loss of 31
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Latch Inc shares had fallen by 19.2% this quarter and
lost 54.4%
so far this year.
    * The company reported a quarterly loss of $44.23 million.
    * Wall Street's median 12-month price target for Latch Inc
is
$6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 5 at 09:54 p.m.  ​All
figures in US dollars unless otherwise stated