Oatly Group (OTLY) Expected to Announce Quarterly Earnings on Wednesday

Oatly Group (NASDAQ:OTLY - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Oatly Group to post earnings of ($0.08) per share and revenue of $219.12 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Oatly Group (NASDAQ:OTLY - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.06). Oatly Group had a negative return on equity of 76.54% and a negative net margin of 50.33%. The business had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. During the same period in the prior year, the business earned ($0.07) earnings per share. On average, analysts expect Oatly Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Oatly Group Trading Down 1.1 %

OTLY traded down $0.01 during trading hours on Friday, reaching $0.56. The company's stock had a trading volume of 1,085,834 shares, compared to its average volume of 1,946,705. Oatly Group has a fifty-two week low of $0.53 and a fifty-two week high of $1.40. The business's 50-day moving average is $0.66 and its 200-day moving average is $0.78. The stock has a market cap of $333.00 million, a PE ratio of -0.81 and a beta of 1.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.62 and a quick ratio of 0.47.

Shares of Oatly Group are going to reverse split on Tuesday, February 18th. The 1-20 reverse split was announced on Friday, January 31st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 17th.

Analysts Set New Price Targets

Separately, Barclays upgraded Oatly Group to a "strong-buy" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1.27.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.