Palladyne AI Corp reports results for the quarter ended March 31 - Earnings Summary

• Palladyne AI Corp PDYN.OQ reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended March 31. The lone analyst forecast for the quarter was for a loss of 21 cents per share.

• Revenue was $1.71 million​; analysts expected $1.20 million.

• Palladyne AI Corp's reported EPS for the quarter was 55 cents​.

• The company reported quarterly net income of $22.76 million.

• Palladyne AI Corp shares had fallen by 3.4% this quarter and lost 53.7% 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 software peer group is also "buy"

• Wall Street's median 12-month price target for Palladyne AI Corp is $15.00

This summary was machine generated from LSEG data May 8 at 06:32 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)