Serve Robotics (SERV) Set to Announce Earnings on Thursday

Serve Robotics (NASDAQ:SERV) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Serve Robotics to post earnings of ($0.20) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.27) earnings per share (EPS) for the quarter. The company had revenue of $0.47 million for the quarter. Serve Robotics had a negative net margin of 2,155.86% and a negative return on equity of 728.80%. On average, analysts expect Serve Robotics to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Serve Robotics Trading Down 2.7 %

Shares of Serve Robotics stock opened at $11.37 on Thursday. The firm’s fifty day moving average is $8.70. Serve Robotics has a 12-month low of $1.77 and a 12-month high of $24.09.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Aegis raised shares of Serve Robotics to a “strong-buy” rating in a research report on Wednesday, July 24th. LADENBURG THALM/SH SH assumed coverage on shares of Serve Robotics in a research report on Monday. They set a “buy” rating and a $16.00 price objective on the stock. Northland Capmk raised shares of Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. Seaport Res Ptn raised shares of Serve Robotics to a “strong-buy” rating in a research report on Monday, October 7th. Finally, Northland Securities initiated coverage on shares of Serve Robotics in a research report on Friday, October 18th. They issued an “outperform” rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average price target of $16.00.

About Serve Robotics

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.