Duos Technologies Group Inc reports results for the quarter ended in June - Earnings Summary

Duos Technologies

13/08/2024 22:52

* Duos Technologies Group Inc  DUOT.OQ  reported a quarterly
adjusted loss of 43 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -42 cents.  The mean expectation of two analysts
for the quarter was for a loss of 33 cents per share. Wall
Street expected results to range from -35 cents to -31 cents per
share.
    * Revenue fell 14.7% to $1.51 million from a year ago;
analysts
expected $1.25 million. 
    * Duos Technologies Group Inc's reported EPS for the quarter
was a
loss of 43 cents​.
    * The company reported a quarterly loss of $3.2 million.
    * Duos Technologies Group Inc shares had fallen by 12.9%
this
quarter and lost 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.2%
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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Duos Technologies
Group Inc is $5.63 
This summary was machine generated from LSEG data August 13 at
09:51 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      -0.33          -0.43          Missed
 Mar. 31 2024      -0.38          -0.38          Met
 Dec. 31 2023      -0.25          -0.44          Missed
 Sep. 30 2023      -0.32          -0.41          Missed