NextNav Inc reports results for the quarter ended September 30 - Earnings Summary

Nextnav

14/11/2024 04:07

* NextNav Inc  NN.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -21 cents.  The mean expectation of two analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -16 cents to -15 cents per share.
    * Revenue rose 56.5% to $1.61 million from a year ago;
analysts
expected $1.11 million. 
    * NextNav Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The company reported a quarterly loss of $13.61 million.
    * NextNav Inc shares had risen by 98.8% this quarter and
gained 234.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 November 14 at
04:07 a.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
 Sep. 30 2024      -0.15          -0.11          Beat
 Jun. 30 2024      -0.14          -0.21          Missed
 Mar. 31 2024                     -0.28          
 Dec. 31 2023      -0.12          -0.15          Missed