Siyata Mobile Inc reports results for the quarter ended in December - Earnings Summary

Core AI Holdings

08/04/2024 22:01

* Siyata Mobile Inc  SYTA.OQ  reported a quarterly adjusted
loss
of $8.34​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $-112.00.  The mean expectation of two analysts for the
quarter was for a loss of $4.83 per share. Wall Street expected
results to range from $-5.81 to $-3.85 per share.
    * Revenue fell 11.1% to $1.88 million from a year ago;
analysts
expected $2.45 million. 
    * Siyata Mobile Inc's reported EPS for the quarter was a
loss of
$8.34​.
    * The company reported a quarterly loss of $3.87 million.
    * Siyata Mobile Inc shares had fallen by 2.5% this
quarter and
lost 16.6% 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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the phones &
handheld
devices peer group is  "hold."

Wall Street's median 12-month price target for Siyata Mobile Inc
is $56.70 
This summary was machine generated from LSEG data April 8 at
09:01 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      -4.83          -8.34          Missed
 Sep. 30 2023      -17.67         -10.22         Beat
 Jun. 30 2023      -35.00         -21.00         Beat
 Mar. 31 2023      -63.00         -91.00         Missed