Oatly Group (OTLY) Expected to Announce Quarterly Earnings on Wednesday

Oatly Group (NASDAQ:OTLY) is expected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Oatly Group to post earnings of ($0.08) per share and revenue of $219.12 million for the quarter. Oatly Group has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Oatly Group (NASDAQ:OTLY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). Oatly Group had a negative net margin of 50.33% and a negative return on equity of 76.54%. The company had revenue of $208.00 million for the quarter, compared to the consensus estimate of $207.87 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. 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 $0.54 on Wednesday. The firm’s 50-day moving average is $0.67 and its 200-day moving average is $0.79. Oatly Group has a 52-week low of $0.54 and a 52-week high of $1.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.47 and a current ratio of 0.62. The company has a market cap of $322.40 million, a price-to-earnings ratio of -0.79 and a beta of 1.96.

Shares of Oatly Group are scheduled to reverse split on the morning of Tuesday, February 18th. The 1-20 reverse split was announced on Friday, January 31st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 17th.

Analyst Ratings Changes

Separately, Barclays raised shares of Oatly Group to a “strong-buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1.27.

Oatly Group Company Profile

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.