Northland Securities Weighs in on Kodiak AI FY2029 Earnings

Key Points

• Northland Securities forecasts FY2029 EPS of $0.48 for Kodiak AI, compared with the company’s current full-year consensus estimate of a $0.93 loss per share.
• Kodiak AI’s latest quarterly results fell short of expectations, with an EPS loss of $0.50 versus the estimated $0.17 loss, while revenue totaled $3.50 million.
• Analyst sentiment remains broadly positive, with seven Buy ratings, two Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $9.69; shares recently opened at $1.22.

Kodiak AI, Inc. (NASDAQ:KDK - Free Report) - Analysts at Northland Securities issued their FY2029 earnings per share (EPS) estimates for Kodiak AI in a report issued on Thursday, October 29th. Northland Securities analyst M. Latimore expects that the company will post earnings of $0.48 per share for the year. The consensus estimate for Kodiak AI's current full-year earnings is ($0.93) per share.

Kodiak AI (NASDAQ:KDK - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.33). The firm had revenue of $3.50 million during the quarter.

Several other equities analysts have also recently commented on KDK. Weiss Ratings reissued a "sell (e+)" rating on shares of Kodiak AI in a research report on Thursday, October 15th. Chardan Capital reiterated a "buy" rating and set a $4.50 target price on shares of Kodiak AI in a research note on Thursday. Zacks Research upgraded shares of Kodiak AI from a "strong sell" rating to a "hold" rating in a research note on Wednesday, October 14th. Morgan Stanley began coverage on shares of Kodiak AI in a research note on Friday, September 11th. They issued an "equal weight" rating and a $9.00 price objective for the company. Finally, Oppenheimer assumed coverage on shares of Kodiak AI in a research report on Tuesday, August 25th. They set an "outperform" rating and a $9.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kodiak AI presently has an average rating of "Moderate Buy" and an average target price of $9.69.

Kodiak AI Price Performance

Shares of NASDAQ KDK opened at $1.22 on Monday. The stock has a market capitalization of $244.76 million, a PE ratio of -0.26 and a beta of 0.76. The business has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $5.99. Kodiak AI has a fifty-two week low of $0.96 and a fifty-two week high of $11.35.

Hedge Funds Weigh In On Kodiak AI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrity Alliance LLC. bought a new position in shares of Kodiak AI in the 3rd quarter valued at about $93,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Kodiak AI during the third quarter worth $59,000. Curated Wealth Partners LLC bought a new stake in Kodiak AI during the 3rd quarter worth approximately $114,000. HighTower Advisors LLC bought a new position in shares of Kodiak AI during the 2nd quarter worth $121,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Kodiak AI in the 2nd quarter worth $19,538,000. Institutional investors own 72.95% of the company's stock.

About Kodiak AI

Kodiak AI, Inc develops autonomous vehicle technology designed to help commercial and industrial operators improve the safety, efficiency and reliability of transportation. The company's platform combines artificial intelligence, sensors, software and vehicle-control systems to support autonomous operation in complex environments.

Founded as Kodiak Robotics, the company initially focused on autonomous long-haul trucking and has developed systems intended for use in freight transportation.

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