Oatly Group AB (publ) reports results for the quarter ended in December - Earnings Summary

Oatly AB

15/02/2024 14:32

* Oatly Group AB (publ)  OTLY.OQ  reported a quarterly
adjusted
loss of 50 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -14 cents.  The mean expectation of seven analysts for
the quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -38 cents to -5 cents per share.
    * Revenue rose 4.6% to $204.12 million from a year ago;
analysts
expected $191.34 million. 
    * Oatly Group AB (publ)'s reported EPS for the quarter was a
loss
of 50 cents​.
    * The company reported a quarterly loss of $298.66 million.
    * Oatly Group AB (publ) shares had risen by 14.4% this
quarter.

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 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Oatly Group
AB
(publ) is $2.00 

This summary was machine generated from LSEG data February 15 at
02:32 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
 Dec. 31 2023      -0.15          -0.50          Missed
 Sep. 30 2023      -0.12          0.07           Beat
 Jun. 30 2023      -0.13          -0.13          Met
 Mar. 31 2023      -0.13          -0.11          Beat