Oatly Group AB (publ) reports results for the quarter ended in September 30 - Earnings Summary

Oatly AB

07/11/2024 21:17

* Oatly Group AB (publ)  OTLY.OQ  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 7 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -8 cents to -5 cents per share.
    * Revenue rose 10.9% to $208.00 million from a year ago;
analysts
expected $207.30 million. 
    * Oatly Group AB (publ)'s reported EPS for the quarter was a
loss
of 6 cents​.
    * The company reported a quarterly loss of $34.56 million.
    * Oatly Group AB (publ) shares had risen by 8.8% this
quarter and
lost 21.2% 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 6 "strong buy" or "buy," 4
"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 $1.70 
This summary was machine generated from LSEG data November 7 at
09:16 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
 Sep. 30 2024      -0.06          -0.06          Met
 Jun. 30 2024      -0.07          -0.05          Beat
 Mar. 31 2024      -0.09          -0.08          Beat
 Dec. 31 2023      -0.15          -0.50          Missed