Sphere 3D Corp reports results for the quarter ended in January - Earnings Summary

Darkhorse Technologies

13/08/2024 23:21

* Sphere 3D Corp  ANY.OQ  reported quarterly adjusted
earnings of
10 cents​​ per share for the quarter ended in January.  The lone
analyst forecast for the quarter was for a loss of 26 cents per
share. 
    * Revenue was $4.67 million​; analysts expected $5.30
million. 
    * Sphere 3D Corp's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $2.12
million.
    * Sphere 3D Corp shares had fallen by 19.6% this quarter and
lost 73.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 21.2%
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 blockchain &
cryptocurrency peer group is also "buy"

Wall Street's median 12-month price target for Sphere 3D Corp is
$4.00 
This summary was machine generated from LSEG data August 13 at
10:21 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
 Jun. 30 2024      -0.26          0.10           Beat
 Mar. 31 2024      -0.23          -0.27          Missed
 Dec. 31 2023      -0.28          -0.18          Beat