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

SES AI

29/07/2024 22:50

* SES AI Corp  SES.N  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -4
cents.  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 -10 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 6
cents​.
    * The company reported a quarterly loss of $19.9 million.
    * SES AI Corp shares had fallen by 0.8% this quarter and
lost 32.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 53.3%
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," 2
"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
$3.00 
This summary was machine generated from LSEG data July 29 at
09:50 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
 Jun. 30 2024      -0.08          -0.06          Beat
 Mar. 31 2024      -0.05          -0.05          Met
 Dec. 31 2023      -0.08          -0.03          Beat
 Sep. 30 2023      -0.10          -0.04          Beat