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

• Owlet Inc OWLT.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of four analysts for the quarter was for a loss of 22 cents per share. Wall Street expected results to range from -30 cents to -15 cents per share.

• Revenue rose 26.1% to $26.10 million from a year ago; analysts expected $22.17 million.

• Owlet Inc's reported EPS for the quarter was a loss of $2.37​.

• The company reported a quarterly loss of $37.2 million.

• Owlet Inc shares had fallen by 15.5% this quarter and gained 59.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.4% 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 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

• Wall Street's median 12-month price target for Owlet Inc is $11.50, about 32.1% above its last closing price of $7.81

This summary was machine generated from LSEG data August 8 at 04:43 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)