Nano Nuclear Energy Inc reports results for the quarter ended June 30 - Earnings Summary

• Nano Nuclear Energy Inc NNE.OQ reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended June 30. The mean expectation of three analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -40 cents to -7 cents per share.

• Reported revenue was zero​; analysts expected $25.00 thousand.

• Nano Nuclear Energy Inc's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $7.6 million.

• Nano Nuclear Energy Inc shares had risen by 4.6% this quarter and gained 45.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 84.8% 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," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for Nano Nuclear Energy Inc is $47.50, about 24% above its last closing price of $36.09

This summary was machine generated from LSEG data August 14 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)