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

Owlet

13/08/2024 02:33

* Owlet Inc  OWLT.N  reported quarterly breakeven results​​
per
share for the quarter ended in June, higher than the same
quarter last year, when the company reported EPS of -56 cents. 
The lone analyst forecast for the quarter was for a loss of 19
cents per share. 
    * Revenue rose 58% to $20.70 million from a year ago;
analysts
expected $18.52 million. 
    * Owlet Inc's reported EPS for the quarter was a loss of 30
cents​.
    * The company reported a quarterly loss of $2.7 million.
    * Owlet Inc shares had risen by 11.2% this quarter and
lost 13.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 August 13 at
01:32 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
 Jun. 30 2024      -0.19          0.00           Beat
 Mar. 31 2024      -0.14          -0.39          Missed
 Dec. 31 2023      -0.04          -0.12          Missed
 Sep. 30 2023      -0.36          -0.70          Missed