Agrify Corp reports results for the quarter ended in June - Earnings Summary

RYTHM

15/08/2022 14:31

* Agrify Corp  AGFY.OQ  reported a quarterly adjusted loss
of
$3.51​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 43 cents per share.
    * Revenue rose 63.5% to $19.33 million from a year ago;
analysts
expected $26.10 million. 
    * Agrify Corp's reported EPS for the quarter was a loss of
$3.51​.
    * The mean earnings estimate of analysts had fallen by
about 54.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Agrify Corp shares had fallen by 18.8% this quarter and
lost 82.6% so far this year.
    * The company reported a quarterly loss of $93.4 million.
    * Wall Street's median 12-month price target for Agrify Corp
is
$4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 15
at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.43          -3.51          Missed
 Mar. 31 2022      -0.33          -0.36          Missed
 Dec. 31 2021      -0.31          -0.54          Missed
 Sep. 30 2021      -0.29          -0.47          Missed