Weave Communications (WEAV) to Release Quarterly Earnings on Wednesday

Weave Communications (NYSE:WEAV) is scheduled to be posting its quarterly earnings results 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

Weave Communications (NYSE:WEAV) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $45.69 million during the quarter, compared to analyst estimates 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 Trading Up 3.8 %

NYSE WEAV opened at $11.33 on Monday. The company’s 50-day simple moving average is $11.67 and its 200 day simple moving average is $10.71. Weave Communications has a twelve month low of $4.04 and a twelve month high of $13.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.78 and a quick ratio of 1.78.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $15.00 price objective on shares of Weave Communications in a research note on Thursday, February 22nd. Finally, Raymond James raised shares of Weave Communications from an “outperform” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.00.

About Weave Communications

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.