Oatly Group AB reports results for the quarter ended September 30 - Earnings Summary

• Oatly Group AB reported a quarterly adjusted loss of 86 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-2.15. The mean expectation of four analysts for the quarter was for a loss of 68 cents per share. Wall Street expected results to range from -75 cents to -56 cents per share.

• Revenue rose 9.1% to $243.05 million from a year ago; analysts expected $241.77 million.

• Oatly Group AB's reported EPS for the quarter was a loss of 86 cents​.

• The company reported a quarterly loss of $27.46 million.

• Oatly Group AB shares had risen by 7.6% this quarter and gained 9.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Oatly Group AB is $17.50, about 32.9% above its last closing price of $11.75

This summary was machine generated from LSEG data October 28 at 02:07 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)