Jet.AI Inc reports results for the quarter ended March 31 - Earnings Summary

• Jet.AI Inc JTAI.OQ reported a quarterly adjusted loss of $1.85​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-63.00. The lone analyst forecast for the quarter was for a loss of $1.31 per share.

• Revenue fell 9.7% to $3.48 million from a year ago; analysts expected $3.90 million.

• Jet.AI Inc's reported EPS for the quarter was a loss of $1.85​.

• The company reported a quarterly loss of $3.17 million.

• Jet.AI Inc shares had risen by 4.5% this quarter and lost 3.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 54.4% 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 Jet.AI Inc is $20.00

This summary was machine generated from LSEG data May 15 at 09:00 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)