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

• Phunware Inc PHUN.OQ reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -32 cents. The mean expectation of four analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -19 cents to -12 cents per share.

• Revenue fell 55% to $455.00 thousand from a year ago; analysts expected $726.50 thousand.

• Phunware Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $3.14 million.

• Phunware Inc shares had fallen by 18.6% this quarter and lost 50.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.1% 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 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, about 49.7% above its last closing price of $2.58

This summary was machine generated from LSEG data August 11 at 09:01 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)