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

Oatly AB

30/04/2024 16:06

* Oatly Group AB (publ)  OTLY.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -11 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -10 cents
to -7 cents per share.
    * Revenue rose 1.8% to $199.16 million from a year ago;
analysts
expected $197.78 million. 
    * Oatly Group AB (publ)'s reported EPS for the quarter was a
loss
of 8 cents​.
    * The company reported a quarterly loss of $45.8 million.
    * Oatly Group AB (publ) shares had fallen by 11.5% this
quarter and lost 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 64.8%
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." 
    * Wall Street's median 12-month price target for Oatly Group
AB
(publ) is $1.75 

This summary was machine generated from LSEG data April 30 at
03:05 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
 Mar. 31 2024      -0.09          -0.08          Beat
 Dec. 31 2023      -0.15          -0.50          Missed
 Sep. 30 2023      -0.12          0.07           Beat
 Jun. 30 2023      -0.13          -0.13          Met