Owlet (OWLT) Set to Announce Quarterly Earnings on Monday

Owlet (NYSE:OWLT) is scheduled to be posting its earnings results after the market closes on Monday, May 6th. Analysts expect Owlet to post earnings of ($0.14) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Owlet (NYSE:OWLT) last announced its earnings results on Thursday, March 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $21.00 million during the quarter. During the same quarter in the previous year, the company earned ($1.96) earnings per share.

Owlet Price Performance

NYSE:OWLT opened at $4.20 on Friday. The company’s 50 day moving average is $4.46 and its 200-day moving average is $4.96. Owlet has a 12 month low of $2.52 and a 12 month high of $7.50.

Insiders Place Their Bets

In other news, CFO Kathryn R. Scolnick sold 7,267 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $4.96, for a total transaction of $36,044.32. Following the transaction, the chief financial officer now owns 88,770 shares in the company, valued at approximately $440,299.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 40.60% of the company’s stock.

About Owlet

Owlet, Inc provides digital parenting solutions in the United States and internationally. The company's platform focuses on giving real-time data and insights to parents. It offers Dream Sock, a wearable infant health monitor equipped with pulse oximetry technology to track vitals signs, such as pulse rate, oxygen, activity, and sleep patterns; BabySat which is intended for infants with heightened health risk; Owlet Cam, a monitoring device in smartphones that offers video and audio, predictive sleep insights, and cry detections; and accessories, including Owlet Sleeper, as well as Duo and Dream Duo that combines Smart Sock with the Owlet Cam.