Jet.AI Inc reports results for the quarter ended June 30 - Earnings Summary

• Jet.AI Inc JTAI.OQ reported a quarterly adjusted loss of 92 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-56.25. The lone analyst forecast for the quarter was for a loss of $1.10 per share.

• Revenue fell 27.8% to $2.23 million from a year ago; analysts expected $3.75 million.

• Jet.AI Inc's reported EPS for the quarter was a loss of 92 cents​.

• The company reported a quarterly loss of $2.39 million.

• Jet.AI Inc shares had fallen by 5.2% this quarter and lost 23.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.3% 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 1 "strong buy" or "buy," no "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 Jet.AI Inc is $20.00, about 82.7% above its last closing price of $3.46

This summary was machine generated from LSEG data August 15 at 01:59 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)