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

Ouster

08/11/2024 21:03

* Ouster Inc  OUST.N  reported a quarterly adjusted loss
of 54
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -89 cents.  The mean expectation of four analysts for the
quarter was for a loss of 57 cents per share. Wall Street
expected results to range from -63 cents to -52 cents per share.
    * Revenue rose 26.4% to $28.08 million from a year ago;
analysts
expected $28.03 million. 
    * Ouster Inc's reported EPS for the quarter was a loss of 54
cents​.
    * The company reported a quarterly loss of $25.59 million.
    * Ouster Inc shares had risen by 24.9% this quarter and
gained 2.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 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," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Ouster Inc is
12.00 
This summary was machine generated from LSEG data November 8 at
09:03 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      -0.57          -0.54          Beat
 Jun. 30 2024      -0.62          -0.53          Beat
 Mar. 31 2024      -0.72          -0.55          Beat
 Dec. 31 2023      -0.83          -0.95          Missed