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

Ondas

15/05/2024 16:28

* Ondas Holdings Inc  ONDS.OQ  reported a quarterly adjusted
loss
of 17 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -30 cents.  The mean expectation of four analysts for the
quarter was for a loss of 17 cents per share. Wall Street
expected results to range from -22 cents to -14 cents per share.
    * Revenue fell 75.9% to $625.01 thousand from a year ago;
analysts
expected $3.76 million. 
    * Ondas Holdings Inc's reported EPS for the quarter was a
loss
of 17 cents​.
    * The company reported a quarterly loss of $10.85 million.
    * Ondas Holdings Inc shares had fallen by 10.3% this
quarter and
lost 43.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 43.6%
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 May 15 at
03:28 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      -0.17          -0.17          Met
 Dec. 31 2023      -0.14          -0.26          Missed
 Sep. 30 2023      -0.17          -0.15          Beat
 Jun. 30 2023      -0.18          -0.18          Met