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

Owlet

14/08/2023 22:48

* Owlet Inc  OWLT.N  reported a quarterly adjusted loss
of 56
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 37
cents per share.
    * Revenue fell 28.4% to $13.10 million from a year ago;
analysts
expected $14.39 million. 
    * Owlet Inc's reported EPS for the quarter was a loss of
$1.19​.
    * The mean earnings estimate of analysts had risen by
about 23.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Owlet Inc shares had fallen by 6.3% this quarter and
lost 43.0%
so far this year.
    * The company reported a quarterly loss of $9.8 million.
    * Wall Street's median 12-month price target for Owlet Inc
is
$13.49 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 09:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.37          -0.56          Missed
 Mar. 31 2023      -1.26          -1.12          Beat
 Dec. 31 2022      -2.17          -1.96          Beat
 Sep. 30 2022      -2.11          -2.38          Missed