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OWLT — Owlet News Story

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Owlet Inc reports results for the quarter ended March 31 - Earnings Summary

Owlet Inc OWLT.N reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -39 cents.  The mean expectation of three analysts for the quarter was for a loss of 27 cents per share. Wall Street expected results to range from -34 cents to -21 cents per share.

Revenue rose 43.1% to $21.10 million from a year ago; analysts expected $18.14 million.

Owlet Inc's reported EPS for the quarter was 11 cents​.

The company reported quarterly net income of $1.7 million.

Owlet Inc shares had risen by 12.6% this quarter and lost 6.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 47.4% 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 2 "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 $8.50

This summary was machine generated from LSEG data May 8 at 09:52 p.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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 2025-0.27-0.07Beat
Dec. 31 2024-0.51-0.07Beat
Sep. 30 2024-0.240.03Beat
Jun. 30 2024-0.190.00Beat

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