SES AI Corp reports results for the quarter ended in December - Earnings Summary

SES AI

27/02/2024 01:46

* SES AI Corp  SES.N  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in December, identical
to the same quarter last year.  The mean expectation of
three analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -12 cents
to -4 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * SES AI Corp's reported EPS for the quarter was a loss of 3
cents​.
    * The company reported a quarterly loss of $10.75 million.
    * SES AI Corp shares had fallen by 24.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.3%
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 no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "hold"

Wall Street's median 12-month price target for SES AI Corp is
$4.00 
This summary was machine generated from LSEG data February 27 at
01:45 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
 Dec. 31 2023      -0.08          -0.03          Beat
 Sep. 30 2023      -0.10          -0.04          Beat
 Jun. 30 2023      -0.08          -0.04          Beat
                                  -0.05