Adrian JohnsonTLDR:
- American Battery Technology Co reported a quarterly adjusted loss of 21 cents per share for the quarter ended in December, compared to the lone analyst forecast of a loss of 6 cents per share.
- The company reported zero revenue for the quarter, while analysts expected $3.46 million.
- The average analyst rating on the company’s shares is “buy,” with a median 12-month price target of $12.00.
American Battery Technology Co (ABAT) has reported its earnings for the quarter ended in December. The company posted an adjusted loss of 21 cents per share, which was higher than the lone analyst forecast of a loss of 6 cents per share. Additionally, the company reported zero revenue for the quarter, while analysts were expecting $3.46 million. This disappointing performance has led to a 54.2% decline in ABAT shares this quarter.
The mean earnings estimate of analysts for ABAT has remained unchanged in the last three months, and there have been no earnings estimate revisions in the last 30 days. However, the current average analyst rating on the company’s shares is “buy,” with a breakdown of 1 “strong buy” or “buy,” no “hold,” and no “sell” or “strong sell.” Wall Street’s median 12-month price target for ABAT is $12.00.
It is important to note that the figures mentioned in this article are in US dollars unless otherwise stated. This summary was machine-generated from LSEG data on February 15, 2024, at 06:33 a.m. UTC.
