Amplitech Group Inc reports results for the quarter ended in December - Earnings Summary

Amplitech

01/04/2024 17:12

* Amplitech Group Inc  AMPG.OQ  reported a quarterly
adjusted loss
of 6 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -9 cents.  The lone analyst forecast for the quarter was
for a loss of 9 cents per share. 
    * Revenue fell 6.2% to $4.01 million from a year ago;
analysts
expected $4.00 million. 
    * Amplitech Group Inc's reported EPS for the quarter was a
loss
of 6 cents​.
    * The company reported a quarterly loss of $523 thousand.
    * Amplitech Group Inc shares had held steady so far this
quarter and lost 1.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Amplitech Group
Inc is $8.00 
This summary was machine generated from LSEG data April 1 at
04:12 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.09          -0.06          Beat