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

Amplitech

28/05/2024 23:49

* Amplitech Group Inc  AMPG.OQ  reported a quarterly
adjusted loss
of 14 cents​​ per share for the quarter ended in March.  The
lone analyst forecast for the quarter was for a loss of 10 cents
per share. 
    * Revenue fell 44.2% to $2.29 million from a year ago;
analysts
expected $4.10 million. 
    * Amplitech Group Inc's reported EPS for the quarter was a
loss
of 48 cents​.
    * The company reported a quarterly loss of $4.66 million.
    * Amplitech Group Inc shares had fallen by 28.6% this
quarter and
lost 29.8% so far this year.

FORECAST CHANGES
    * 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 $9.00 
This summary was machine generated from LSEG data May 28 at
10:49 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
 Mar. 31 2024      -0.10          -0.14          Missed
 Dec. 31 2023      -0.09          -0.06          Beat