Ouster (OUST) to Release Quarterly Earnings on Thursday

Ouster (NYSE:OUST) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Ouster has set its Q3 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Ouster (NYSE:OUST) last released its earnings results on Tuesday, August 13th. The company reported ($0.53) EPS for the quarter. Ouster had a negative return on equity of 68.48% and a negative net margin of 122.32%. The company had revenue of $26.99 million during the quarter.

Ouster Trading Up 5.9 %

Shares of Ouster stock opened at $7.47 on Wednesday. The firm’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $9.44. The firm has a market capitalization of $360.78 million, a price-to-earnings ratio of -2.56 and a beta of 2.34. Ouster has a 12-month low of $4.08 and a 12-month high of $16.88. The company has a current ratio of 3.40, a quick ratio of 3.14 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

A number of brokerages recently issued reports on OUST. Westpark Capital restated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Monday, August 12th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of Ouster in a research note on Monday, August 12th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $12.00 target price on shares of Ouster in a research report on Monday, September 30th. Finally, Craig Hallum reduced their price target on shares of Ouster from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.40.

Ouster Company Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.