Arbe Robotics Ltd reports results for the quarter ended June 30 - Earnings Summary

• Arbe Robotics Ltd ARBE reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -12 cents to -9 cents per share.

• Revenue fell 33% to $274.00 thousand from a year ago; analysts expected $173.33 thousand.

• Arbe Robotics Ltd's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $10.16 million.

• Arbe Robotics Ltd shares had fallen by 23.0% this quarter and lost 26.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 30% 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 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Arbe Robotics Ltd is $2.38, about 42.3% above its last closing price of $1.37

This summary was machine generated from LSEG data August 7 at 06:03 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)