Meta Materials Inc expected to post a loss of 6 cents a share - Earnings Preview

Meta Materials

25/02/2023 03:11

* Meta Materials Inc  MMAT.OQ   MMAT.O  is expected to show
a rise
in quarterly revenue when it reports  results on February 27
(estimated). 
    * The Dartmouth Nova Scotia-based  company is expected to
report 
a 23.4% increase in revenue to $2.825 million from $2.29 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Meta Materials Inc
is for
a loss of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $2​, above​ its last closing price of $0.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  -0.02       -0.01      -0.13     Missed  -766.7
 ​​                                   -0.04             
                                      -0.03             ​
                                      -0.16             
 This summary was machine generated February 25 at 03:10 GMT. 
All figures in US dollars  unless otherwise stated