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

SES AI

09/08/2023 02:41

* SES AI Corp  SES.N  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 8 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * SES AI Corp's reported EPS for the quarter was a loss of 4
cents​.
    * The mean earnings estimate of analysts had risen by
about 27.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * SES AI Corp shares had risen by 4.5% this quarter and
lost 19.0%
so far this year.
    * The company reported a quarterly loss of $12.95 million.
    * Wall Street's median 12-month price target for SES AI Corp
is
$4.00 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:41 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.08          -0.04          Beat
 Dec. 31 2022      -0.09          -0.03          Beat
 Sep. 30 2022      -0.08          -0.08          Met