SERV Set to Report Q1 Earnings: What's in Store for the Stock?

Core Viewpoint - Serve Robotics is expected to report a significant decline in revenues for the first quarter of 2025, with a consensus estimate of $0.50 million, representing a 47.37% decrease compared to the same quarter last year [1] Financial Performance - In the fourth quarter of 2024, Serve Robotics reported revenues of $0.176 million, down from $0.43 million in the year-ago quarter, and incurred a loss of 23 cents per share, an improvement from a loss of 48 cents in the previous year [2] - The company missed the Zacks Consensus Estimate by 21.05% in the fourth quarter of 2024 [2] Operational Highlights - Delivery services revenues in the fourth quarter of 2024 were $0.93 million, up from $0.35 million year-over-year, with 57 daily active robots marking a 67.6% increase [3] - These robots generated an average of 455 daily supply hours, reflecting a 94% year-over-year increase [3] Growth Drivers - The momentum is expected to continue in the upcoming quarter due to improved utilization of the delivery fleet, expanded geographic reach, and operational efficiencies [4] - Serve Robotics has expanded its services to Los Angeles and Miami in 2024, reaching over 1,000 restaurants and 300,000 households [5] - The company has partnered with Shake Shack for robotic delivery and with Wing Aviation for multi-modal delivery services [5] Earnings Expectations - Serve Robotics currently has an Earnings ESP of 0.00% and a Zacks Rank of 3, indicating a neutral outlook for earnings performance [6]