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

Phunware

09/08/2024 01:25

* Phunware Inc  PHUN.OQ  reported a quarterly adjusted loss
of 32
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of
$-3.00.  The mean expectation of four analysts for the quarter
was for a loss of 37 cents per share. Wall Street expected
results to range from -39 cents to -35 cents per share.
    * Revenue fell 71% to $1.01 million from a year ago;
analysts
expected $1.10 million. 
    * Phunware Inc's reported EPS for the quarter was a loss
of 32
cents​.
    * The company reported a quarterly loss of $2.63 million.
    * Phunware Inc shares had fallen by 37.3% this quarter and
lost 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.2%
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 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Phunware Inc is
$17.50 
This summary was machine generated from LSEG data August 9 at
12:24 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
 Jan. 1 0001       -0.37          -0.32          Beat
 Mar. 31 2024      -0.45          -0.33          Beat
 Dec. 31 2023      -2.00          -4.62          Missed
 Sep. 30 2023      -2.75          -8.00          Missed