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

• Phunware Inc PHUN.OQ reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of four analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -17 cents to -8 cents per share.

• Revenue fell 25.3% to $688.00 thousand from a year ago; analysts expected $674.75 thousand.

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

• The company reported a quarterly loss of $3.72 million.

• Phunware Inc shares had risen by 2.7% this quarter and lost 41.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $5.13

This summary was machine generated from LSEG data May 12 at 09:03 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)