Arbe Robotics (ARBE) Expected to Announce Earnings on Wednesday

Arbe Robotics (NASDAQ:ARBE) is expected to be posting its quarterly earnings results before the market opens on Wednesday, March 5th. Analysts expect Arbe Robotics to post earnings of ($0.10) per share and revenue of $0.40 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Arbe Robotics (NASDAQ:ARBE) last announced its quarterly earnings data on Wednesday, November 27th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Arbe Robotics had a negative net margin of 4,567.91% and a negative return on equity of 102.87%. During the same quarter in the prior year, the company posted ($0.12) EPS. On average, analysts expect Arbe Robotics to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arbe Robotics Trading Down 8.2 %

NASDAQ ARBE opened at $1.91 on Wednesday. Arbe Robotics has a 52 week low of $1.39 and a 52 week high of $5.09. The stock has a market cap of $172.07 million, a price-to-earnings ratio of -2.58 and a beta of 0.01. The company has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $2.12.

Analysts Set New Price Targets

Separately, Maxim Group decreased their target price on shares of Arbe Robotics from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, November 29th.

About Arbe Robotics

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.