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

Owlet

07/05/2024 08:53

* Owlet Inc  OWLT.N  reported a quarterly adjusted loss
of 39
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.12.  The lone analyst forecast for the quarter was for a
loss of 14 cents per share. 
    * Revenue rose 38.3% to $14.80 million from a year ago;
analysts
expected $16.43 million. 
    * Owlet Inc's reported EPS for the quarter was 15 cents​.
    * The company reported quarterly net income of $1.3 million.
    * Owlet Inc shares had risen by 3.2% this quarter and
lost 15.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 366.7% 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." 
    * Wall Street's median 12-month price target for Owlet Inc
is
$15.00 

This summary was machine generated from LSEG data May 7 at 07:52
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
 Mar. 31 2024      -0.14          -0.39          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