Weave Communications (WEAV) Set to Announce Quarterly Earnings on Wednesday

Weave Communications (NYSE:WEAV - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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 that wish to listen to the company's earnings conference call can do so using this link.

Weave Communications (NYSE:WEAV - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. Weave Communications had a negative return on equity of 31.93% and a negative net margin of 18.20%. The company had revenue of $45.69 million for the quarter, compared to analyst estimates of $44.24 million. 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 Stock Up 0.1 %

Shares of NYSE:WEAV traded up $0.01 during trading on Wednesday, reaching $11.13. 207,528 shares of the stock were exchanged, compared to its average volume of 406,984. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.78 and a quick ratio of 1.78. Weave Communications has a 1-year low of $4.04 and a 1-year high of $13.80. The stock has a fifty day moving average of $11.77 and a two-hundred day moving average of $10.66. The firm has a market cap of $790.01 million, a price-to-earnings ratio of -24.73 and a beta of 2.24.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Raymond James upgraded Weave Communications from an "outperform" rating to a "strong-buy" rating and set a $15.00 price objective for the company in a research note on Monday, February 26th. Piper Sandler restated an "overweight" rating and issued a $15.00 price objective on shares of Weave Communications in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus upped their price objective on Weave Communications from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Weave Communications currently 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.