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

Owlet

14/11/2022 22:40

* Owlet Inc  OWLT.N  reported a quarterly adjusted loss
of 17
cents​​ per share for the quarter ended in September. The mean
expectation of two analysts for the quarter was for a loss of 15
cents per share.
    * Revenue fell 44.8% to $17.40 million from a year ago;
analysts
expected $17.10 million. 
    * Owlet Inc's reported EPS for the quarter was a loss of 17
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Owlet Inc shares had fallen by 5.6% this quarter and
lost 62.2%
so far this year.
    * The company reported a quarterly loss of $19.4 million.
    * Wall Street's median 12-month price target for Owlet Inc
is
$2.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
14 at 10:40 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.15          -0.17          Missed
 Jun. 30 2022      -0.20          -0.16          Beat
 Mar. 31 2022      -0.17          -0.17          Met
 Dec. 31 2021      -0.14          -0.29          Missed