Paltalk Inc reports results for the quarter ended in June - Earnings Summary

Intelligent Protection Management

13/08/2024 22:43

* Paltalk Inc  PALT.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 1
cents.  The lone analyst forecast for the quarter was for a loss
of 8 cents per share. 
    * Revenue fell 24.7% to $2.22 million from a year ago;
analysts
expected $2.66 million. 
    * Paltalk Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $934.15 thousand.
    * Paltalk Inc shares had fallen by 0.5% this quarter and
gained 70.9% 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 Paltalk Inc is
$4.50 
This summary was machine generated from LSEG data August 13 at
09:43 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
 Jan. 1 0001       -0.08          -0.10          Missed
 Mar. 31 2024      -0.02          -0.05          Missed
                                  -0.03          
                                  -0.02