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

Innovative Solutions and Support

08/05/2023 23:01

* Innovative Solutions and Support Inc  ISSC.OQ  reported
quarterly adjusted earnings of 7 cents​​ per share for the
quarter ended in March. The mean expectation of two analysts for
the quarter was for earnings of 6 cents per share.
    * Revenue rose 7.2% to $7.34 million from a year ago;
analysts
expected $6.90 million. 
    * Innovative Solutions and Support Inc's reported EPS for
the
quarter was 7 cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Innovative Solutions and Support Inc shares had fallen
by 9.1%
this quarter and lost 18.9% so far this year.
    * The company reported quarterly net income of $1.27
million.
    * Wall Street's median 12-month price target for Innovative
Solutions and Support Inc is $10.50 
    * 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 May
8 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.06           0.07           Beat