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

• Stardust Power Inc SDST.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -24 cents. The mean expectation of four analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -9 cents to -3 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Stardust Power Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $3.7 million.

• Stardust Power Inc shares had risen by 88.9% this quarter and lost 89.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.9% 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 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty mining & metals peer group is also "buy"

• Wall Street's median 12-month price target for Stardust Power Inc is $2.50, about 83.7% above its last closing price of $0.41

This summary was machine generated from LSEG data August 13 at 09:54 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)