Ondas Holdings Inc. (ONDS) Reports Q1 Loss, Misses Revenue Estimates

分组1 - Ondas Holdings Inc. reported a quarterly loss of $0.17 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.16, and an improvement from a loss of $0.30 per share a year ago, indicating an earnings surprise of -6.25% [1] - The company posted revenues of $0.63 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 82.49%, and a significant decline from year-ago revenues of $2.6 million [2] - Ondas shares have decreased by approximately 43.1% since the beginning of the year, contrasting with the S&P 500's gain of 10% [3] 分组2 - The earnings outlook for Ondas is currently unfavorable, with a Zacks Rank of 4 (Sell), suggesting that the shares are expected to underperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $4.51 million, and for the current fiscal year, it is -$0.48 on revenues of $29.96 million [7] - The Communication - Network Software industry, to which Ondas belongs, is currently ranked in the bottom 17% of over 250 Zacks industries, indicating a challenging environment for the stock [8]