* Cepton Inc reported a quarterly adjusted loss of 73 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -71 cents. The mean expectation of three analysts for the quarter was for a loss of 36 cents per share. Wall Street expected results to range from -51 cents to -21 cents per share.
* Revenue fell 85.7% to $547.00 thousand from a year ago; analysts expected $2.90 million.
* Cepton Inc's reported EPS for the quarter was a loss of 73 cents.
* The company reported a quarterly loss of $11.77 million.
* Cepton Inc shares had risen by 0.8% this quarter and gained 0.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 6.5% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electronic equipment & parts peer group is also "hold"
Wall Street's median 12-month price target for Cepton Inc is $8.59 This summary was machine generated from LSEG data November 8 at 09:03 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.36 -0.73 Missed
Jun. 30 2024 -0.32 -0.06 Beat
Mar. 31 2024 -0.66 -0.43 Beat
Dec. 31 2023 -0.74 -0.52 Beat
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