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

• CoreWeave Inc CRWV.OQ reported a quarterly adjusted loss of 27 cents​​ per share for the quarter ended June 30. The mean expectation of nineteen analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -40 cents to -14 cents per share.

• Revenue was $1.21 billion​; analysts expected $1.08 billion.

• CoreWeave Inc's reported EPS for the quarter was a loss of 60 cents​.

• The company reported a quarterly loss of $290.51 million.

• CoreWeave Inc shares had fallen by 14.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2,633.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 16 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."

• Wall Street's median 12-month price target for CoreWeave Inc is $91.00, about 53.6% below its last closing price of $139.78

This summary was machine generated from LSEG data August 12 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)