Innovative Solutions and Support Inc reports results for the quarter ended in June - Earnings Summary

Innovative Solutions and Support

10/08/2023 24:34

* Innovative Solutions and Support Inc  ISSC.OQ  reported
quarterly adjusted earnings of 8 cents​​ per share for the
quarter ended in June. The lone analyst forecast for the quarter
was for earnings of 7 cents per share.
    * Revenue rose 14.7% to $7.96 million from a year ago;
analysts
expected $7.20 million. 
    * Innovative Solutions and Support Inc's reported EPS for
the
quarter was 8 cents​.
    * 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. 
    * Innovative Solutions and Support Inc shares had risen
by 13.4%
this quarter and lost 1.1% so far this year.
    * The company reported quarterly net income of $1.42
million.
    * Wall Street's median 12-month price target for Innovative
Solutions and Support Inc is $12.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 11:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.07           0.08           Beat
 Mar. 31 2023      0.06           0.07           Beat