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

RYTHM

09/11/2022 14:33

* Agrify Corp  AGFY.OQ  reported a quarterly adjusted loss
of
$8.48​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for a loss of
$3.80 per share.
    * Revenue fell 55.4% to $7.02 million from a year ago;
analysts
expected $13.57 million. 
    * Agrify Corp's reported EPS for the quarter was a loss of
$17.33​.
    * The mean earnings estimate of analysts had fallen by
about 63.6%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Agrify Corp shares had fallen by 67.6% this quarter and
lost 98.5% so far this year.
    * The company reported a quarterly loss of $46.27 million.
    * Wall Street's median 12-month price target for Agrify Corp
is
$26.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
9 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -3.80          -8.48          Missed
 Jun. 30 2022      -4.32          -8.80          Missed
 Mar. 31 2022      -3.27          -3.60          Missed
 Dec. 31 2021      -3.10          -5.40          Missed