Grom Social Enterprises Inc reports results for the quarter ended in September - Earnings Summary

Grom Social Enterprises

20/11/2023 23:59

* Grom Social Enterprises Inc  GROM.OQ  reported a quarterly
adjusted loss of $3.00​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $-60.00.  The lone analyst forecast for
the quarter was for a loss of $5.40 per share. 
    * Revenue fell 34.7% to $970.24 thousand from a year ago;
analysts
expected $1.42 million. 
    * Grom Social Enterprises Inc's reported EPS for the quarter
was a
loss of $3.00​.
    * The company reported a quarterly loss of $2.03 million.
    * Grom Social Enterprises Inc shares had fallen by 16.1%
this
quarter and lost 96.3% 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 online
services
peer group is also "buy"

Wall Street's median 12-month price target for Grom Social
Enterprises Inc is $12.00 
This summary was machine generated from LSEG data November 20 at
11:58 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -5.40          -3.00          Beat
 Jun. 30 2023      -5.60          -5.40          Beat
 Mar. 31 2023      -9.80          -8.60          Beat
 Dec. 31 2022      -42.00         -2.18 hundred  Missed