Cbak Energy Technology Inc Reports Results For The Quarter Ended In December: Earnings Summary

CBAK Energy Technology

15/03/2024 13:32

* CBAK Energy Technology Inc  CBAT.OQ  reported a quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
December.  The lone analyst forecast for the quarter was
for earnings of one cent per share. 
    * Revenue was $10.17 million​; analysts expected $58.86
million. 
    * CBAK Energy Technology Inc's reported EPS for the quarter
was
breakeven results​.
    * The company reported a quarterly loss of $3.34 million.
    * CBAK Energy Technology Inc shares had risen by 11.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for CBAK Energy
Technology Inc is $1.80 

This summary was machine generated from LSEG data March 15 at
01:31 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
 Dec. 31 2023      0.01           -0.01          Missed
 Sep. 30 2023      -0.02          0.00           Beat
                                  0.00           
                                  0.01