Phunware Inc reports results for the quarter ended December 31 - Earnings Summary

• Phunware Inc PHUN.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-4.62. The mean expectation of three analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -25 cents to -15 cents per share.

• Revenue fell 56.9% to $592.00 thousand from a year ago; analysts expected $928.67 thousand.

• Phunware Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $2.63 million.

• Phunware Inc shares had fallen by 43.3% this quarter.

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 2 "strong buy" or "buy," 1 "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 $12.00

This summary was machine generated from LSEG data March 20 at 09:11 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)