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

Intelligent Protection Management

09/05/2024 15:48

* Paltalk Inc  PALT.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -8
cents.  The lone analyst forecast for the quarter was for a loss
of 2 cents per share. 
    * Revenue rose 1.3% to $2.60 million from a year ago;
analysts
expected $2.65 million. 
    * Paltalk Inc's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $492.31 thousand.
    * Paltalk Inc shares had risen by 3.6% this quarter and
gained 36.3% so far this year.

FORECAST CHANGES
    * 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
$5.00 
This summary was machine generated from LSEG data May 9 at 02:47
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
 Mar. 31 2024      -0.02          -0.05          Missed
                                  -0.03          
                                  -0.02          
 Jun. 30 2023      -0.04          0.01           Beat