NextNav Inc reports results for the quarter ended June 30 - Earnings Summary

• NextNav Inc NN.OQ reported a quarterly adjusted loss of 48 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -21 cents. The mean expectation of two analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -15 cents to -12 cents per share.

• Revenue rose 8.8% to $1.20 million from a year ago; analysts expected $1.59 million.

• NextNav Inc's reported EPS for the quarter was a loss of 48 cents​.

• The company reported a quarterly loss of $63.2 million.

• NextNav Inc shares had risen by 2.0% this quarter and lost 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.5% 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," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the phones & handheld devices peer group is also "buy"

• Wall Street's median 12-month price target for NextNav Inc is $20.00, about 22.5% above its last closing price of $15.51

This summary was machine generated from LSEG data August 6 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)