NextNav Inc reports results for the quarter ended in June - Earnings Summary

Nextnav

07/08/2024 23:43

* NextNav Inc  NN.OQ  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of two analysts for the quarter was
for a loss of 14 cents per share. Wall Street expected
results to range from -16 cents to -13 cents per share.
    * Revenue rose 38.1% to $1.11 million from a year ago;
analysts
expected $1.62 million. 
    * NextNav Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $24.57 million.
    * NextNav Inc shares had fallen by 0.6% this quarter and
gained 81.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the phones &
handheld
devices peer group is also "buy"

Wall Street's median 12-month price target for NextNav Inc is
$9.00 
This summary was machine generated from LSEG data August 7 at
10:43 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.14          -0.21          Missed
 Mar. 31 2024      -0.19          -0.28          Missed
 Dec. 31 2023      -0.12          -0.15          Missed
 Sep. 30 2023      -0.13          -0.21          Missed