Data Storage Corp reports results for the quarter ended September 30 - Earnings Summary

Data Storage

14/11/2024 21:00

* Data Storage Corp  DTST.OQ  reported quarterly adjusted
earnings
of 2 cents​​ per share for the quarter ended September 30.  The
lone analyst forecast for the quarter was for earnings of 5
cents per share. 
    * Revenue fell 3% to $5.81 million from a year ago; analysts
expected $6.50 million. 
    * Data Storage Corp's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $122
thousand.
    * Data Storage Corp shares had risen by 36.3% this
quarter and
gained 78.5% 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 it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Data Storage Corp
is $9.00 
This summary was machine generated from LSEG data November 14 at
09:00 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      0.05           0.02           Missed
 Jun. 30 2024      0.03           -0.04          Missed
 Mar. 31 2024      0.03           0.05           Beat