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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Oct. 31 2024 | -0.09 | -0.11 | Missed |
Jul. 31 2024 | -0.08 | -0.17 | Missed |
Apr. 30 2024 | -0.05 | -0.09 | Missed |
Jan. 31 2024 | -0.04 | -0.10 | Missed |
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