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

• Phunware Inc PHUN.OQ reported a quarterly adjusted loss of 25 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-8.00. The mean expectation of four analysts for the quarter was for a loss of 26 cents per share. Wall Street expected results to range from -26 cents to -25 cents per share.

• Revenue fell 76.2% to $665.00 thousand from a year ago; analysts expected $1.31 million.

• Phunware Inc's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $2.76 million.

• Phunware Inc shares had risen by 87.7% this quarter and gained 56.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19.8% 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 4 "strong buy" or "buy," no "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 Phunware Inc is 16.00

This summary was machine generated from LSEG data November 8 at 09:06 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)