Solid Power Inc reports results for the quarter ended in January - Earnings Summary
06/08/2024 23:38
* Solid Power Inc SLDP.OQ reported a quarterly adjusted
loss
of 13 cents per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of -7 cents. The mean expectation of four analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -11 cents tozero cents per share.
* Revenue rose 3.4% to $5.08 million from a year ago;
analysts
expected $9.33 million.
* Solid Power Inc's reported EPS for the quarter was a loss
of 13
cents.
* The company reported a quarterly loss of $22.27 million.
* Solid Power Inc shares had fallen by 4.2% this quarter and
gained 9.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 22.2%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the auto, truck &
motorcycle parts peer group is "hold."
Wall Street's median 12-month price target for Solid Power Inc
is $3.00
This summary was machine generated from LSEG data August 6 at
10:38 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 -0.07 -0.13 Missed
Mar. 31 2024 -0.09 -0.12 Missed
Dec. 31 2023 -0.12 -0.11 Beat
Sep. 30 2023 -0.13 -0.08 Beat