Weave Communications Inc reports results for the quarter ended in December - Earnings Summary

Weave Communications

23/02/2024 03:02

* Weave Communications Inc  WEAV.N  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -6 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 3 cents per
share. Wall Street expected results to range from -4 cents to -2
cents per share.
    * Revenue rose 21.2% to $45.69 million from a year ago;
analysts
expected $44.20 million. 
    * Weave Communications Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $7.04 million.
    * Weave Communications Inc shares had risen by 7.5% this
quarter.

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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Weave
Communications Inc is $15.00 
This summary was machine generated from LSEG data February 23 at
03:02 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
 Dec. 31 2023      -0.03          -0.01          Beat
 Sep. 30 2023      -0.06          -0.01          Beat
 Jun. 30 2023      -0.07          -0.05          Beat
 Mar. 31 2023      -0.08          -0.05          Beat