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

Oatly AB

24/07/2024 14:51

* Oatly Group AB (publ)  OTLY.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -13 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 7 cents per
share. Wall Street expected results to range from -9 cents to -5
cents per share.
    * Revenue rose 3.2% to $202.20 million from a year ago;
analysts
expected $201.17 million. 
    * Oatly Group AB (publ)'s reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $30.44 million.
    * Oatly Group AB (publ) shares had risen by 6.4% this
quarter and
lost 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.2%
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 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Oatly Group AB
(publ) is $1.75 
This summary was machine generated from LSEG data July 24 at
01:51 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      -0.07          -0.05          Beat
 Mar. 31 2024      -0.09          -0.08          Beat
 Dec. 31 2023      -0.15          -0.50          Missed
 Sep. 30 2023      -0.12          0.07           Beat