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

Presto Automation

21/05/2024 08:16

* Presto Automation Inc  PRST.OQ  reported a quarterly
adjusted
loss of 32 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of -30 cents.  The mean expectation of two analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -17 cents to -13 cents per share.
    * Revenue fell 32.6% to $4.45 million from a year ago;
analysts
expected $4.07 million. 
    * Presto Automation Inc's reported EPS for the quarter was a
loss
of 32 cents​.
    * The company reported a quarterly loss of $27.1 million.
    * Presto Automation Inc shares had risen by 3.4% this
quarter and
lost 66.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Presto Automation
Inc is $0.62 
This summary was machine generated from LSEG data May 21 at
07:15 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      -0.15          -0.32          Missed
 Dec. 31 2023      -0.20          -0.31          Missed
 Sep. 30 2023      -0.24          0.08           Beat
 Sep. 30 2023                     -0.68