Red Cat Holdings Inc expected to post a loss of 4 cents a share - Earnings Preview

Reuters03-16

* Red Cat Holdings Inc is expected to show a rise in quarterly revenue when it reports results on March 18 for the period ending January 31 2024

* The San Juan Puerto Rico-based company is expected to report a 86.7% increase in revenue to $5.8 million from $3.11 million a year ago, according to the estimate from one analyst, based on LSEG data.

* LSEG's mean analyst estimate for Red Cat Holdings Inc is for a loss of 4 cents per share.

* The one available analyst rating on the shares is "buy".

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Red Cat Holdings Inc is $5.00, above its last closing price of $0.79.

This summary was machine generated March 15 at 21:14 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)

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