We take a comprehensive look at analyst estimates, deliveries, and the roadmap ahead for Fisker as it gears up to report Q3 2023 quarterly results.
Today, Fisker management must be preparing for the release of its Q3 2023 quarterly results tomorrow morning before the market opens. In preparation, we wanted to give our readers a preview of what we expect to see tomorrow when we live stream and discuss key takeaways after the conference call wraps up. This article will take a look at earnings and revenue expectations and discuss topics we believe the company will address in its business highlights and prepared remarks during the Q3 2023 conference call. Only time will tell if we were right.
Earnings and Revenue Expectations
As of right now, seven analysts covering Fisker have published earnings estimates, and four analysts have released revenue estimates for Fisker’s Q3 2023 earnings. The average earnings estimate is $-0.18 per share, with a high estimate at $-0.08 and a low estimate at $-0.27 per share. One year ago, Fisker had a loss of $-0.49. All analysts are expecting earnings to improve now that Fisker will be reporting meaningful revenue. The whisper number shows Fisker’s loss coming in at $-0.25 for the past quarter.
The average revenue estimate among analysts comes in at $109.03 million, $53.14 million on the low end, and $217 million on the high end. The average revenue estimate pegs Fisker at selling around 1,580 Fisker Oceans during Q3 2023. One year ago, Fisker had insignificant revenue. This will be the first quarter where the company reports a significant increase in revenue.
Projections: Vehicle Deliveries
If you’ve been following along, we know…
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