Q3 EPS Forecast for Serve Robotics Reduced by Analyst

Key Points

• Northland Securities lowered Serve Robotics’ Q3 2026 EPS forecast to a loss of $0.88 per share from a loss of $0.72, with projected losses of $3.22 for FY2026 and $3.14 for FY2027.
• Serve Robotics recently reported a quarterly loss of $0.80 per share, missing estimates by $0.11, while revenue of $3.24 million also fell short of the $3.51 million consensus.
• The stock opened at $3.79 and remains well below its 12-month high of $18.64. Despite analyst downgrades and reduced price targets, the shares carry a consensus rating of “Moderate Buy” with a $14.77 price target.

Serve Robotics Inc. (NASDAQ:SERV - Free Report) - Investment analysts at Northland Securities decreased their Q3 2026 earnings per share (EPS) estimates for shares of Serve Robotics in a report issued on Monday, October 12th. Northland Securities analyst M. Latimore now expects that the company will earn ($0.88) per share for the quarter, down from their prior forecast of ($0.72). The consensus estimate for Serve Robotics' current full-year earnings is ($2.71) per share. Northland Securities also issued estimates for Serve Robotics' Q4 2026 earnings at ($0.89) EPS, FY2026 earnings at ($3.22) EPS, Q1 2027 earnings at ($0.80) EPS, Q2 2027 earnings at ($0.81) EPS, Q3 2027 earnings at ($0.78) EPS, Q4 2027 earnings at ($0.75) EPS, FY2027 earnings at ($3.14) EPS and FY2028 earnings at ($2.66) EPS.

Serve Robotics (NASDAQ:SERV - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.11). Serve Robotics had a negative return on equity of 55.34% and a negative net margin of 2,315.80%. The company had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.51 million.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald downgraded shares of Serve Robotics from an "overweight" rating to a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. Guggenheim dropped their price target on shares of Serve Robotics from $13.00 to $7.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Oppenheimer dropped their price target on shares of Serve Robotics from $20.00 to $7.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Finally, Freedom Capital upgraded Serve Robotics from a "hold" rating to a "strong-buy" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Serve Robotics presently has an average rating of "Moderate Buy" and a consensus price target of $14.77.

Serve Robotics Stock Performance

Serve Robotics stock opened at $3.79 on Wednesday. The firm has a market cap of $328.63 million, a PE ratio of -1.55 and a beta of 1.43. The firm's 50 day moving average price is $4.69 and its two-hundred day moving average price is $6.54. Serve Robotics has a twelve month low of $3.72 and a twelve month high of $18.64.

Insider Buying and Selling

In related news, CEO Ali Kashani sold 45,158 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $4.56, for a total transaction of $205,920.48. Following the transaction, the chief executive officer owned 3,232,933 shares of the company's stock, valued at approximately $14,742,174.48. This trade represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Read sold 25,240 shares of Serve Robotics stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.24, for a total transaction of $132,257.60. Following the completion of the sale, the chief financial officer owned 291,831 shares of the company's stock, valued at $1,529,194.44. This trade represents a 7.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 124,220 shares of company stock worth $585,554. Insiders own 5.00% of the company's stock.

Institutional Trading of Serve Robotics

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of Serve Robotics by 65.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,274 shares of the company's stock valued at $45,000 after acquiring an additional 2,082 shares in the last quarter. NFSG Corp lifted its holdings in Serve Robotics by 27.6% in the 1st quarter. NFSG Corp now owns 11,570 shares of the company's stock worth $98,000 after purchasing an additional 2,500 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Serve Robotics by 17.3% in the 1st quarter. Sanctuary Advisors LLC now owns 19,185 shares of the company's stock worth $162,000 after purchasing an additional 2,824 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Serve Robotics by 75.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 6,861 shares of the company's stock worth $45,000 after purchasing an additional 2,944 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in Serve Robotics by 28.7% during the first quarter. Wealthfront Advisers LLC now owns 14,791 shares of the company's stock worth $125,000 after purchasing an additional 3,302 shares during the period.

More Serve Robotics News

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Northland modestly improved its FY2028 EPS forecast to a loss of $2.66 from a loss of $2.72, suggesting some longer-term improvement in profitability expectations.
• Neutral Sentiment: Northland projects continued losses across the forecast period, including EPS of negative $3.22 for FY2026 and negative $3.14 for FY2027. The estimates remain below the company’s eventual path to profitability and underscore the speculative nature of the investment.
• Negative Sentiment: The firm lowered its estimates for Q3 and Q4 2026 EPS to losses of $0.88 and $0.89, respectively, from losses of $0.72 and $0.65. It also cut its FY2026 forecast to a loss of $3.22 per share from $2.82.
• Negative Sentiment: Northland reduced its 2027 forecasts for every quarter and the full year: Q1 EPS to negative $0.80 from negative $0.66, Q2 to negative $0.81 from negative $0.66, Q3 to negative $0.78 from negative $0.69, Q4 to negative $0.75 from negative $0.70, and FY2027 to negative $3.14 from negative $2.71. These revisions imply weaker near- to medium-term earnings expectations than previously anticipated.

About Serve Robotics

Serve Robotics develops and operates autonomous, sidewalk-based delivery robots designed to transport food, groceries and other goods over short distances. Its robots use cameras, sensors, mapping technology and artificial intelligence to navigate urban environments, interact with pedestrians and complete deliveries with limited human assistance.

The company's delivery platform is intended to support restaurants, merchants and delivery providers by offering an additional fulfillment option for local orders.

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