Energous Corp reports results for the quarter ended September 30 - Earnings Summary

• Energous Corp reported a quarterly adjusted loss of 45 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported breakeven earnings per share. The lone analyst forecast for the quarter was for a loss of 35 cents per share.

• Revenue rose 167.3% to $3.40 million from a year ago; analysts expected $3.80 million.

• Energous Corp's reported EPS for the quarter was a loss of 45 cents​.

• The company reported a quarterly loss of $2.51 million.

• Energous Corp shares had fallen by 31.6% this quarter and gained 125.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 105.9% 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 "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is "buy."

• Wall Street's median 12-month price target for Energous Corp is $28.25, about 68.2% above its last closing price of $8.99

This summary was machine generated from LSEG data November 12 at 10:34 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)