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

Weave Communications

02/11/2023 15:34

* Weave Communications Inc  WEAV.N  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -10 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -7 cents to -5
cents per share.
    * Revenue rose 20.2% to $43.54 million from a year ago;
analysts
expected $42.32 million. 
    * Weave Communications Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $7.15 million.
    * Weave Communications Inc shares had fallen by 13.9% this
quarter and gained 53.3% so far this year.

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," 3
"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 $13.00 
This summary was machine generated from LSEG data November 2 at
03:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.06          -0.01          Beat
 Jun. 30 2023      -0.07          -0.05          Beat
 Mar. 31 2023      -0.08          -0.05          Beat
 Dec. 31 2022      -0.11          -0.06          Beat