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

Oatly AB

27/07/2023 16:06

* Oatly Group AB (publ)  OTLY.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in June. The
mean expectation of ten analysts for the quarter was for a loss
of 12 cents per share.
    * Revenue rose 10.1% to $195.99 million from a year ago;
analysts
expected $209.67 million. 
    * Oatly Group AB (publ)'s reported EPS for the quarter was a
loss
of 15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Oatly Group AB (publ) shares had risen by 5.9% this
quarter and
gained 24.7% so far this year.
    * The company reported a quarterly loss of $86.72 million.
    * Wall Street's median 12-month price target for Oatly Group
AB
(publ) is $4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 03:06 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.12          -0.13          Missed
 Mar. 31 2023      -0.13          -0.11          Beat
 Dec. 31 2022      -0.14          -0.14          Met
 Sep. 30 2022      -0.11          -0.18          Missed