Cemtrex Inc reports results for the quarter ended in September - Earnings Summary

Cemtrex

21/12/2023 23:27

* Cemtrex Inc  CETX.OQ  reported a quarterly adjusted loss
of 92
cents​​ per share for the quarter ended in September.  The lone
analyst forecast for the quarter was for a loss of $3.59 per
share. 
    * Revenue rose 27.9% to $16.93 million from a year ago;
analysts
expected $15.04 million. 
    * Cemtrex Inc's reported EPS for the quarter was a loss
of 92
cents​.
    * The company reported a quarterly loss of $1.24 million.
    * Cemtrex Inc shares had risen by 23.8% this quarter and
gained 36.7% 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 business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Cemtrex Inc is
$23.00 
This summary was machine generated from LSEG data December 21 at
11:27 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 2023      -3.59          -0.92          Beat
 Jun. 30 2023      -0.34          -1.28          Missed
 Mar. 31 2023      -0.11          -0.74          Missed
 Dec. 31 2022      -1.71          -3.99          Missed