Latest news with #quarterlyloss
Bloomberg
3 days ago
- Business
- Bloomberg
Ola Electric Plunges as Losses More Than Double Amid Sales Drop
Ola Electric Mobility Ltd. declined the most in more than a month, after reporting quarterly losses that more than doubled from a year ago as sales dropped. The shares declined as much as 9.7%, the most intraday since April 7. Net loss was at 8.7 billion rupees ($102 million) in the quarter ended March 31, compared with 4.16 billion rupees a year ago, the company said in a statement Thursday.
Reuters
3 days ago
- Automotive
- Reuters
Indian two-wheeler maker Ola Electric's quarterly loss widens
May 29 (Reuters) - India's top electric two-wheeler maker Ola Electric Mobility ( opens new tab reported a wider quarterly loss on Thursday, hurt by falling sales and steep discounts it offered to beat growing competition. The firm posted a loss of 8.7 billion rupees ($101.8 million) in the quarter ended Macrh 31, compared with a loss of 4.16 billion rupees a year earlier. ($1 = 85.4650 Indian rupees)
Yahoo
6 days ago
- Business
- Yahoo
Gear Up for Red Robin (RRGB) Q1 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Red Robin (RRGB) is expected to reveal quarterly loss of $0.57 per share, indicating an increase of 28.8% compared to the year-ago period. Analysts forecast revenues of $387.4 million, representing a decrease of 0.3% year over year. The consensus EPS estimate for the quarter has undergone a downward revision of 3.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective. With that in mind, let's delve into the average projections of some Red Robin metrics that are commonly tracked and projected by analysts on Wall Street. The consensus estimate for 'Revenues- Restaurant revenue' stands at $376.61 million. The estimate points to a change of -0.5% from the year-ago quarter. The combined assessment of analysts suggests that 'Number of restaurants - Total' will likely reach 497. The estimate compares to the year-ago value of 505. The consensus among analysts is that 'Number of restaurants - Franchised' will reach 93. The estimate is in contrast to the year-ago figure of 92. Analysts' assessment points toward 'Number of restaurants - Company-owned' reaching 405. Compared to the current estimate, the company reported 413 in the same quarter of the previous all Key Company Metrics for Red Robin here>>>Shares of Red Robin have experienced a change of +15.7% in the past month compared to the +8.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), RRGB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Red Robin Gourmet Burgers, Inc. (RRGB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Reuters
22-05-2025
- Business
- Reuters
India's IndusInd Bank drops after record quarterly loss on suspected employee fraud
May 22 (Reuters) - Shares of India's IndusInd Bank ( opens new tab fell as much as 4.3% on Thursday, a day after the private lender posted its largest-ever quarterly loss and said it suspects fraud by some employees led to accounting lapses, hurting its earnings. The stock was the top percentage loser on the benchmark Nifty 50 (.NSEI), opens new tab and the banks index (.NSEBANK), opens new tab. The lender's net interest income dropped in the March quarter as it adjusted for accounting lapses across its derivatives book and microfinance portfolio. At least five brokerages downgraded the stock since the results, while 10 slashed their price targets, taking the median price target to 787.50 rupees from 850 rupees last month, as per data compiled by LSEG. HSBC downgraded the stock by two notches to "reduce" from "buy". "There is no clarity on new management team, how they gain investor confidence, improve profitability and importantly, whether they will execute better than peers," HSBC said.
Bloomberg
14-05-2025
- Business
- Bloomberg
Rakuten Reports Another Loss After Financing Costs Mount
Rakuten Group Inc. reported its 19th straight quarterly loss after financing costs mounted and it sought to turn around its struggling wireless operations. The Japanese e-commerce pioneer reported a net loss of ¥73.47 billion ($500 million) in the three months ended in March, compared with a ¥42.39 billion loss a year ago.
