For the quarter ended June 2026, Serve Robotics Inc. (SERV) reported revenue of $3.24 million, up 405.9% over the same period last year. EPS came in at -$0.80, compared to -$0.36 in the year-ago quarter.
The reported revenue represents a surprise of -8.45% over the Zacks Consensus Estimate of $3.54 million. With the consensus EPS estimate being -$0.69, the EPS surprise was -15.94%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Serve Robotics Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Daily Active Robots: 792 compared to the 1,510 average estimate based on two analysts.
Revenue- Software services: $0.93 million versus the three-analyst average estimate of $0.31 million. The reported number represents a year-over-year change of +199%.
Revenue- Fleet services: $2.31 million versus $3.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +598.5% change.
Shares of Serve Robotics Inc. have returned -3.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.Â
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.