Meta Materials Inc expected to post a loss of 4 cents a share - Earnings Preview

Meta Materials

06/05/2023 03:06

* Meta Materials Inc  MMAT.OQ   MMAT.O  is expected to show
a rise
in quarterly revenue when it reports  results on May 8
(estimated). 
    * The Dartmouth Nova Scotia-based  company is expected to
report 
a 10.0% increase in revenue to $3.273 million from $2.97 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Meta Materials Inc
is for
a loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 10.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Meta
Materials
Inc is $1.75​, above​ its last closing price of $0.21. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.07       -0.06      -0.04     Beat    36
 Sep. 30 2022  -0.05       -0.05      -0.07     Missed  -50
 Jun. 30 2022  -0.05       -0.05      -0.07     Missed  -50​
 Mar. 31 2022  -0.03       -0.02      -0.06     Missed  -157.2
 ​​Dec.        -0.02       -0.01      -0.13     Missed  -766.7
 31 2021                                                
                                      -0.04             ​
                                      -0.03             
                                      -0.16             
 This summary was machine generated May 6 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated