Meta Materials Inc expected to post a loss of 2 cents a share - Earnings Preview

Meta Materials

05/08/2023 01:01

* Meta Materials Inc  MMAT.OQ   MMAT.O  is expected to show
a fall
in quarterly revenue when it reports  results on August 7
(estimated). 
    * The Dartmouth Nova Scotia-based  company is expected to
report 
a 23.4% decrease in revenue to $2.547 million from $3.32 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Meta Materials Inc
is for
a loss of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "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 Meta
Materials
Inc is $1.35​, above​ its last closing price of $0.24. ​​​

This summary was machine generated August 5 at 00:01 GMT.  All
figures in US dollars  unless otherwise stated