Ouster Inc reports results for the quarter ended September 30 - Earnings Summary

• Ouster Inc OUST.N reported a quarterly adjusted loss of 54 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -89 cents. The mean expectation of four analysts for the quarter was for a loss of 57 cents per share. Wall Street expected results to range from -63 cents to -52 cents per share.

• Revenue rose 26.4% to $28.08 million from a year ago; analysts expected $28.03 million.

• Ouster Inc's reported EPS for the quarter was a loss of 54 cents​.

• The company reported a quarterly loss of $25.59 million.

• Ouster Inc shares had risen by 24.9% this quarter and gained 2.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6% 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 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Ouster Inc is 12.00

This summary was machine generated from LSEG data November 8 at 09:03 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)