Q3 EPS Forecast for Serve Robotics Cut by Analyst

Serve Robotics Inc. (NASDAQ:SERV) – Equities researchers at Northland Securities dropped their Q3 2026 EPS estimates for shares of Serve Robotics in a research note issued on Monday, October 12th. Northland Securities analyst M. Latimore now forecasts that the company will post earnings per share of ($0.88) for the quarter, down from their prior estimate 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) last announced its 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). The firm had revenue of $3.24 million during the quarter, compared to the consensus estimate of $3.51 million. Serve Robotics had a negative return on equity of 55.34% and a negative net margin of 2,315.80%.

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

Serve Robotics Price Performance

SERV stock opened at $3.79 on Wednesday. Serve Robotics has a 52-week low of $3.72 and a 52-week high of $18.64. The company has a 50-day moving average of $4.69 and a two-hundred day moving average of $6.54. The stock has a market capitalization of $328.63 million, a price-to-earnings ratio of -1.55 and a beta of 1.43.

Institutional Trading of Serve Robotics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Serve Robotics by 24.5% during the 2nd quarter. BlackRock Inc. now owns 6,040,854 shares of the company’s stock worth $39,749,000 after purchasing an additional 1,190,622 shares during the period. State Street Corp lifted its stake in shares of Serve Robotics by 90.7% in the second quarter. State Street Corp now owns 2,456,658 shares of the company’s stock valued at $16,165,000 after buying an additional 1,168,714 shares during the period. Legal & General Group Plc bought a new stake in shares of Serve Robotics in the second quarter valued at about $8,410,000. Grange Capital LLC acquired a new stake in Serve Robotics during the first quarter worth about $2,426,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Serve Robotics during the second quarter worth about $1,788,000.

Insider Transactions at Serve Robotics

In other news, COO Touraj Parang sold 37,993 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.55, for a total value of $172,868.15. Following the sale, the chief operating officer owned 1,260,251 shares in the company, valued at approximately $5,734,142.05. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ali Kashani sold 45,158 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $4.56, for a total transaction of $205,920.48. Following the transaction, the chief executive officer directly owned 3,232,933 shares in the company, valued at $14,742,174.48. This trade represents a 1.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

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.