Sphere 3D Corp reports results for the quarter ended September 30 - Earnings Summary

Darkhorse Technologies

15/11/2024 14:05

* Sphere 3D Corp  ANY.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended September 30.  The lone
analyst forecast for the quarter was for a loss of 19 cents per
share. 
    * Revenue was $2.36 million​; analysts expected $5.00
million. 
    * Sphere 3D Corp's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $176
thousand.
    * Sphere 3D Corp shares had risen by 60.3% this quarter and
lost 56.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 24% 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
3.00 
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      -0.19          -0.01          Beat
 Jun. 30 2024      -0.26          0.10           Beat
 Mar. 31 2024      -0.23          -0.27          Missed
 Dec. 31 2023      -0.28          -0.18          Beat