Red Cat Holdings Inc reports results for the quarter ended October 31 - Earnings Summary

Red Cat Holdings

16/12/2024 23:48

* Red Cat Holdings Inc  RCAT.OQ  reported a quarterly
adjusted
loss of 11 cents​​ per share for the quarter ended October 31,
lower than the same quarter last year, when the company reported
EPS of -10 cents.  The lone analyst forecast for the quarter was
for a loss of 9 cents per share. 
    * Revenue fell 61% to $1.53 million from a year ago;
analysts
expected $4.13 million. 
    * Red Cat Holdings Inc's reported EPS for the quarter was a
loss
of 18 cents​.
    * The company reported a quarterly loss of $13.33 million.
    * Red Cat Holdings Inc shares had risen by 224.0% this
quarter and
gained 835.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong 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 aerospace &
defense
peer group is  "buy."

Wall Street's median 12-month price target for Red Cat Holdings
Inc is $7.00 
This summary was machine generated from LSEG data December 16 at
11:47 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      -0.09          -0.11          Missed
 Jul. 31 2024      -0.08          -0.17          Missed
 Apr. 30 2024      -0.05          -0.09          Missed
 Jan. 31 2024      -0.04          -0.10          Missed