Ondas Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

Ondas

12/11/2024 15:28

* Ondas Holdings Inc  ONDS.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended September 30,
identical to the same quarter last year.  The mean expectation
of four analysts for the quarter was for a loss of 12 cents per
share. Wall Street expected results to range from -15 cents
to -11 cents per share.
    * Revenue fell 44.4% to $1.48 million from a year ago;
analysts
expected $1.85 million. 
    * Ondas Holdings Inc's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $10.67 million.
    * Ondas Holdings Inc shares had risen by 3.9% this
quarter and
lost 47.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.6%
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 1.50 
This summary was machine generated from LSEG data November 12 at
03:27 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      -0.12          -0.15          Missed
 Jun. 30 2024      -0.15          -0.14          Beat
 Mar. 31 2024      -0.17          -0.17          Met
 Dec. 31 2023      -0.14          -0.26          Missed