Oatly Group AB (publ) reports results for the quarter ended in September 30 - Earnings Summary

• Oatly Group AB (publ) OTLY.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of nine analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -8 cents to -5 cents per share.

• Revenue rose 10.9% to $208.00 million from a year ago; analysts expected $207.30 million.

• Oatly Group AB (publ)'s reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $34.56 million.

• Oatly Group AB (publ) shares had risen by 8.8% this quarter and lost 21.2% 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 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "buy"

Wall Street's median 12-month price target for Oatly Group AB (publ) is $1.70

This summary was machine generated from LSEG data November 7 at 09:16 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)