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

Owlet

08/03/2024 01:00

* Owlet Inc  OWLT.N  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-1.96.  The lone analyst forecast for the quarter was for a
loss of 4 cents per share. 
    * Revenue rose 75% to $21.00 million from a year ago;
analysts
expected $21.16 million. 
    * Owlet Inc's reported EPS for the quarter was a loss of 97
cents​.
    * The company reported a quarterly loss of $6.9 million.
    * Owlet Inc shares had risen by 7.0% this quarter.

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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Owlet Inc is
$15.00 
This summary was machine generated from LSEG data March 8 at
12:59 a.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      -0.04          -0.12          Missed
 Sep. 30 2023      -0.36          -0.70          Missed
 Jun. 30 2023      -0.37          -0.56          Missed
 Mar. 31 2023      -1.26          -1.12          Beat