Presto Automation Inc expected to post a loss of 15 cents a share - Earnings Preview

Presto Automation

14/05/2024 21:33

* Presto Automation Inc  PRST.OQ   PRST.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 20 for
the period ending March 31 2024
    * The San Carlos California-based  company is expected to
report a
38.4% decrease in revenue to $4.072 million from $6.61 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Presto Automation Inc is
for a
loss of 15 cents per share. 
    * 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."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Presto
Automation
Inc is $0.62​, above​ its last closing price of $0.17. ​​​

This summary was machine generated May 14 at 20:32 GMT.  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)