Ondas Holdings Inc reports results for the quarter ended in December - Earnings Summary

Ondas

01/04/2024 14:31

* Ondas Holdings Inc  ONDS.OQ  reported a quarterly adjusted
loss
of 26 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -44 cents.  The mean expectation of
four analysts for the quarter was for a loss of 14 cents per
share. Wall Street expected results to range from -17 cents
to -11 cents per share.
    * Revenue rose 935.7% to $4.96 million from a year ago;
analysts
expected $4.27 million. 
    * Ondas Holdings Inc's reported EPS for the quarter was a
loss
of 26 cents​.
    * The company reported a quarterly loss of $15.03 million.
    * Ondas Holdings Inc shares had held steady so far this
quarter and lost 36.6% 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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Ondas Holdings
Inc is $2.00 
This summary was machine generated from LSEG data April 1 at
01:31 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      -0.14          -0.26          Missed
 Sep. 30 2023      -0.17          -0.15          Beat
 Jun. 30 2023      -0.18          -0.18          Met
 Mar. 31 2023      -0.28          -0.30          Missed