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

Weave Communications

03/05/2023 22:03

* Weave Communications Inc  WEAV.N  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in March. The
mean expectation of eight analysts for the quarter was for a
loss of 8 cents per share.
    * Revenue rose 18.9% to $39.57 million from a year ago;
analysts
expected $37.78 million. 
    * Weave Communications Inc's reported EPS for the quarter
was a
loss of 12 cents​.
    * The mean earnings estimate of analysts had risen by
about 20% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Weave Communications Inc shares had fallen by 15.9% this
quarter and lost 8.7% so far this year.
    * The company reported a quarterly loss of $7.86 million.
    * Wall Street's median 12-month price target for Weave
Communications Inc is $6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 09:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.08          -0.05          Beat
 Dec. 31 2022      -0.11          -0.06          Beat
 Sep. 30 2022      -0.14          -0.10          Beat
 Jun. 30 2022      -0.16          -0.16          Met