Arbe Robotics (NASDAQ: ARBE) is set to release its quarterly earnings results on Wednesday, November 8th. Analysts are anticipating earnings of ($0.13) per share for the quarter. If you are interested in participating in the company’s earnings conference call, you can access it through this link.
Arbe Robotics previously reported its quarterly earnings data on Wednesday, August 9th. The company posted earnings per share (EPS) of ($0.16) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). During this quarter, Arbe Robotics had a negative net margin of 2,126.01% and a negative return on equity of 83.58%. The company generated $0.29 million in revenue, falling short of analyst estimates of $0.60 million.
Looking ahead, analysts expect Arbe Robotics to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Arbe Robotics Price Performance
On Wednesday, NASDAQ ARBE opened at $1.93. The stock has a 1-year low of $1.71 and a 1-year high of $7.61. With a market capitalization of $149.42 million, Arbe Robotics has a price-to-earnings (PE) ratio of -2.38 and a beta of -0.35. The fifty-day moving average stands at $2.29, while the two-hundred-day moving average is at $2.49.
Hedge Funds Weigh In On Arbe Robotics
Several large investors have recently made moves with Arbe Robotics shares. XTX Topco Ltd acquired a new stake in the company during the second quarter, while Millennium Management LLC and HighTower Advisors LLC bought shares during the fourth and first quarters, respectively. Nomura Holdings Inc. and Geode Capital Management LLC also acquired stakes. Institutional investors and hedge funds now own 15.67% of the company’s stock.
Arbe Robotics Company Profile
Arbe Robotics Ltd. is a semiconductor company that specializes in providing 4D imaging radar solutions for tier 1 automotive suppliers and manufacturers worldwide. Their innovative 4D imaging radar chipset solutions address critical issues concerning autonomous vehicle and autopilot accidents. These solutions tackle challenges such as detecting stationary objects, identifying vulnerable road users, performing in poor lighting conditions, and eliminating false alarms without radar ambiguities.
FAQs:
Q: When will Arbe Robotics announce its quarterly earnings results?
A: Arbe Robotics will reveal its quarterly earnings results on Wednesday, November 8th.
Q: What are the anticipated earnings per share for the quarter?
A: Analysts expect Arbe Robotics to report ($0.13) per share for the quarter.
Q: Where can I access the company’s earnings conference call?
A: You can participate in the company’s earnings conference call through this link.