Paltalk Inc reports results for the quarter ended September 30 - Earnings Summary

Intelligent Protection Management

12/11/2024 23:26

* Paltalk Inc  PALT.OQ  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The lone analyst forecast for the quarter was for a loss
of 11 cents per share. 
    * Revenue fell 26.6% to $2.03 million from a year ago;
analysts
expected $2.25 million. 
    * Paltalk Inc's reported EPS for the quarter was a loss
of 16
cents​.
    * The company reported a quarterly loss of $1.51 million.
    * Paltalk Inc shares had fallen by 38.4% this quarter and
lost 15.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 57.1%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

This summary was machine generated from LSEG data November 12 at
11:26 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
 Sep. 30 2024      -0.11          -0.16          Missed
 Jun. 30 2024      -0.08          -0.10          Missed
 Mar. 31 2024      -0.02          -0.05          Missed
                                  -0.03