Solid Power Inc reports results for the quarter ended in December - Earnings Summary
28/02/2024 21:30
* Solid Power Inc SLDP.OQ reported a quarterly adjusted
loss
of 11 cents per share for the quarter ended in December, lower
than the same quarter last year, when the company reported
breakeven earnings per share. The mean expectation of
five analysts for the quarter was for a loss of 12 cents per
share. Wall Street expected results to range from -14 cents
to -11 cents per share.
* Revenue fell 44.1% to $2.35 million from a year ago;
analysts
expected $4.08 million.
* Solid Power Inc's reported EPS for the quarter was a loss
of 11
cents.
* The company reported a quarterly loss of $19.04 million.
* Solid Power Inc shares had risen by 19.3% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 2.7%
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 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "hold"
Wall Street's median 12-month price target for Solid Power Inc
is $3.00
This summary was machine generated from LSEG data February 28 at
09:29 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
Dec. 31 2023 -0.12 -0.11 Beat
Sep. 30 2023 -0.13 -0.08 Beat
Jun. 30 2023 -0.11 -0.07 Beat
Mar. 31 2023 -0.11 -0.11 Met