* Owlet Inc reported quarterly adjusted earnings of 3 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -70 cents. The lone analyst forecast for the quarter was for a loss of 24 cents per share.
* Revenue rose 140.2% to $22.10 million from a year ago; analysts expected $22.46 million.
* Owlet Inc's reported EPS for the quarter was a loss of 61 cents.
* The company reported a quarterly loss of $6.8 million.
* Owlet Inc shares had risen by 20.5% this quarter and gained 2.5% 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 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"
Wall Street's median 12-month price target for Owlet Inc is $15.00 This summary was machine generated from LSEG data November 14 at 04:02 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.24 0.03 Beat
Jun. 30 2024 -0.19 0.00 Beat
Mar. 31 2024 -0.14 -0.39 Missed
Dec. 31 2023 -0.04 -0.12 Missed
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