SES AI Corp reports results for the quarter ended in September 30 - Earnings Summary

SES AI

01/11/2024 03:08

* SES AI Corp  SES.N  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended September 30, 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 12 cents per share. 
    * Reported revenue was zero​; analysts expected zero. 
    * SES AI Corp's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $29.01 million.
    * SES AI Corp shares had fallen by 19.1% this quarter and
lost 71.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
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
1.50 
This summary was machine generated from LSEG data November 1 at
03:08 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
 Sep. 30 2024      -0.12          -0.09          Beat
 Jun. 30 2024      -0.08          -0.06          Beat
 Mar. 31 2024      -0.05          -0.05          Met
 Dec. 31 2023      -0.08          -0.03          Beat