Red Cat Holdings Inc reports results for the quarter ended October 31 - Earnings Summary

• Red Cat Holdings Inc RCAT.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of -10 cents. The lone analyst forecast for the quarter was for a loss of 9 cents per share.

• Revenue fell 61% to $1.53 million from a year ago; analysts expected $4.13 million.

• Red Cat Holdings Inc's reported EPS for the quarter was a loss of 18 cents​.

• The company reported a quarterly loss of $13.33 million.

• Red Cat Holdings Inc shares had risen by 224.0% this quarter and gained 835.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 50% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is "buy."

Wall Street's median 12-month price target for Red Cat Holdings Inc is $7.00

This summary was machine generated from LSEG data December 16 at 11:47 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)