Serve Robotics (SERV) Set to Announce Quarterly Earnings on Thursday

Serve Robotics (NASDAQ:SERV - Get Free Report) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect Serve Robotics to post earnings of ($0.20) per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Serve Robotics (NASDAQ:SERV - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.27) earnings per share for the quarter. The business had revenue of $0.47 million during the quarter. Serve Robotics had a negative return on equity of 728.80% and a negative net margin of 2,155.86%. 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 Price Performance

Shares of SERV stock traded down $1.24 during trading hours on Thursday, reaching $10.13. The company had a trading volume of 6,123,846 shares, compared to its average volume of 9,834,017. Serve Robotics has a 12-month low of $1.77 and a 12-month high of $24.09. The stock has a fifty day simple moving average of $8.70.

Wall Street Analyst Weigh In

SERV has been the topic of several analyst reports. LADENBURG THALM/SH SH assumed coverage on Serve Robotics in a report on Monday. They set a "buy" rating and a $16.00 price target on the stock. Aegis raised shares of Serve Robotics to a "strong-buy" rating in a research note on Wednesday, July 24th. Seaport Res Ptn upgraded shares of Serve Robotics to a "strong-buy" rating in a report on Monday, October 7th. Northland Capmk upgraded Serve Robotics to a "strong-buy" rating in a research report on Friday, October 18th. Finally, Northland Securities started coverage on Serve Robotics in a research note on Friday, October 18th. They set an "outperform" rating and a $16.00 target price for the company. Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Serve Robotics has an average rating of "Strong Buy" and an average price target of $16.00.

Serve Robotics Company Profile

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.