Published on 14 Aug 2023 on Simply Wall St. via Yahoo Finance
News Flash: 4 Analysts Think Aterian, Inc. (NASDAQ:ATER) Earnings Are Under Threat
One thing we could say about the analysts on Aterian, Inc. (NASDAQ:ATER) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. At US$0.44, shares are up 9.4% in the past 7 days. We'd be curious to see if the downgrade is enough to reverse investor sentiment on the business.
After the downgrade, the consensus from Aterian's four analysts is for revenues of US$137m in 2023, which would reflect a stressful 28% decline in sales compared to the last year of performance. The loss per share is anticipated to greatly reduce in the near future, narrowing 61% to US$1.02. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$155m and losses of US$0.69 per share in 2023. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.
View our latest analysis for Aterian