Weave Communications (WEAV) Set to Announce Earnings on Wednesday

Weave Communications (NYSE:WEAV) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Weave Communications to post earnings of ($0.02) per share for the quarter. Weave Communications has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $45.69 million for the quarter, compared to the consensus estimate of $44.24 million. Weave Communications had a negative net margin of 18.20% and a negative return on equity of 31.93%. On average, analysts expect Weave Communications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Weave Communications Price Performance

Shares of NYSE:WEAV opened at $11.12 on Wednesday. Weave Communications has a 1 year low of $4.04 and a 1 year high of $13.80. The firm has a fifty day moving average price of $11.80 and a 200 day moving average price of $10.64. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Piper Sandler reiterated an “overweight” rating and issued a $15.00 price objective on shares of Weave Communications in a report on Thursday, February 22nd. Finally, Raymond James upgraded shares of Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Weave Communications Company Profile

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.