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

SES AI

03/05/2024 17:27

* SES AI Corp  SES.N  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March, identical to
the same quarter last year.  The lone analyst forecast for the
quarter was for a loss of 5 cents per share. 
    * Reported revenue was zero​; analysts expected zero. 
    * SES AI Corp's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $16.31 million.
    * SES AI Corp shares had fallen by 11.9% this quarter and
lost 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 May 3 at 04:27
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
 Mar. 31 2024      -0.05          -0.05          Met
 Dec. 31 2023      -0.08          -0.03          Beat
 Sep. 30 2023      -0.10          -0.04          Beat
 Jun. 30 2023      -0.08          -0.04          Beat