Duos Technologies Group Inc reports results for the quarter ended September 30 - Earnings Summary

Duos Technologies

20/11/2024 12:00

* Duos Technologies Group Inc  DUOT.OQ  reported a quarterly
adjusted loss of 18 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -41 cents.  The mean expectation of
two analysts for the quarter was for a loss of 25 cents per
share. Wall Street expected results to range from -30 cents
to -20 cents per share.
    * Revenue rose 111.6% to $3.24 million from a year ago;
analysts
expected $2.80 million. 
    * Duos Technologies Group Inc's reported EPS for the quarter
was a
loss of 18 cents​.
    * The company reported a quarterly loss of $1.4 million.
    * Duos Technologies Group Inc shares had risen by 53.3% this
quarter and gained 58.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22%
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 $5.75 
This summary was machine generated from LSEG data November 20 at
12:00 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      -0.25          -0.18          Beat
 Jun. 30 2024      -0.33          -0.43          Missed
 Mar. 31 2024      -0.38          -0.38          Met
 Dec. 31 2023      -0.25          -0.44          Missed