Cbak Energy Technology Inc Reports Results For The Quarter Ended September 30: Earnings Summary

CBAK Energy Technology

12/11/2024 15:23

* CBAK Energy Technology Inc  CBAT.OQ  reported quarterly
breakeven results​​ per share for the quarter ended September
30, identical to the same quarter last year.  The lone analyst
forecast for the quarter was for earnings of 7 cents per share. 
    * Revenue fell 22.7% to $44.63 million from a year ago;
analysts
expected $58.00 million. 
    * CBAK Energy Technology Inc's reported EPS for the quarter
was
breakeven results​.
    * The company reported quarterly net income of $17 thousand.
    * CBAK Energy Technology Inc shares had fallen by 18.8% this
quarter and lost 3.3% so far this year.

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 $2.50 

This summary was machine generated from LSEG data November 12 at
03:23 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      0.07           0.00           Missed
 Jun. 30 2024      0.07           0.07           Met
 Mar. 31 2024      -0.01          0.11           Beat
 Dec. 31 2023      0.01           -0.01          Missed