Oatly Group (OTLY) Scheduled to Post Earnings on Tuesday

Oatly Group (NASDAQ:OTLY) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Oatly Group to post earnings of ($0.09) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Oatly Group (NASDAQ:OTLY) last posted its earnings results on Thursday, February 15th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The firm had revenue of $204.12 million for the quarter, compared to analysts’ expectations of $191.80 million. Oatly Group had a negative net margin of 53.22% and a negative return on equity of 37.94%. On average, analysts expect Oatly Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Oatly Group Stock Performance

NASDAQ OTLY opened at $0.95 on Tuesday. The company has a fifty day simple moving average of $1.07 and a two-hundred day simple moving average of $0.99. The stock has a market cap of $565.78 million, a P/E ratio of -1.12 and a beta of 2.29. Oatly Group has a 12-month low of $0.44 and a 12-month high of $2.46. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Oatly Group from $0.63 to $1.05 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $1.25 price objective on shares of Oatly Group in a research note on Tuesday, February 20th. Finally, DA Davidson assumed coverage on shares of Oatly Group in a research note on Friday, March 1st. They issued a “buy” rating and a $1.50 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.11.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.