Weave Communications Inc expected to post a loss of 2 cents a share - Earnings Preview

Weave Communications

30/07/2024 24:25

* Weave Communications Inc  WEAV.N   WEAV.K  is expected
to show a
rise in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Lehi Utah-based  company is expected to report a
16.8% increase in revenue to $48.67 million from $41.67 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Weave Communications Inc
is
for a loss of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Weave
Communications Inc is $15.00​, above​ its last closing price
of $10.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.02       -0.02      -0.01     Beat    56.3
 Dec. 31 2024  -0.03       -0.03      -0.01     Beat    67
 Sep. 30 2023  -0.06       -0.06      -0.01     Beat    83.2​
 Jun. 30 2023  -0.07       -0.07      -0.05     Beat    27.8
 ​​Mar.        -0.08       -0.08      -0.05     Beat    36.4
 31 2023                                                
 Dec. 31 2022  -0.11       -0.11      -0.06     Beat    44.2​
 Sep. 30 2022  -0.14       -0.14      -0.10     Beat    30.1
 Jun. 30 2022  -0.17       -0.16      -0.16     Met     2.2
 This summary was machine generated July 29 at 23:25 GMT.  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)