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

Weave Communications

02/05/2024 24:16

* Weave Communications Inc  WEAV.N  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -5 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 2 cents per
share. Wall Street expected results to range from -4 cents to -1
cents per share.
    * Revenue rose 19.2% to $47.17 million from a year ago;
analysts
expected $45.79 million. 
    * Weave Communications Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $7.2 million.
    * Weave Communications Inc shares had fallen by 6.9% this
quarter and lost 6.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.3%
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 May 1 at 11:15
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
 Mar. 31 2024      -0.02          -0.01          Beat
 Dec. 31 2023      -0.03          -0.01          Beat
 Sep. 30 2023      -0.06          -0.01          Beat
 Jun. 30 2023      -0.07          -0.05          Beat