Amplitech Group Inc reports results for the quarter ended September 30 - Earnings Summary

Amplitech

15/11/2024 14:05

* Amplitech Group Inc  AMPG.OQ  reported a quarterly
adjusted loss
of 12 cents​​ per share for the quarter ended September 30.  The
lone analyst forecast for the quarter was for a loss of 16 cents
per share. 
    * Revenue fell 16.3% to $2.83 million from a year ago;
analysts
expected $2.70 million. 
    * Amplitech Group Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $1.19 million.
    * Amplitech Group Inc shares had risen by 15.3% this
quarter and
lost 52.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 366.7% 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 5.00 
This summary was machine generated from LSEG data November 15 at
02:05 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
 Sep. 30 2024      -0.16          -0.12          Beat
 Jun. 30 2024      -0.12          -0.16          Missed
 Mar. 31 2024      -0.10          -0.14          Missed
 Dec. 31 2023      -0.09          -0.06          Beat