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

Owlet

11/05/2023 22:02

* Owlet Inc  OWLT.N  reported a quarterly adjusted loss of 8
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 9
cents per share.
    * Revenue fell 50.3% to $10.70 million from a year ago;
analysts
expected $10.88 million. 
    * Owlet Inc's reported EPS for the quarter was a loss of 11
cents​.
    * The mean earnings estimate of analysts had risen by
about 17.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Owlet Inc shares had risen by 4.2% this quarter and
lost 39.5%
so far this year.
    * The company reported a quarterly loss of $12.5 million.
    * Wall Street's median 12-month price target for Owlet Inc
is
$2.03 
    * 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 May
11 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.09          -0.08          Beat
 Dec. 31 2022      -0.15          -0.14          Beat
 Sep. 30 2022      -0.15          -0.17          Missed
 Jun. 30 2022      -0.20          -0.16          Beat