Digital Ally Inc reports results for the quarter ended in December - Earnings Summary

Kustom Entertainment

01/04/2024 23:08

* Digital Ally Inc  DGLY.OQ  reported a quarterly adjusted
loss of
$2.69​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-4.70.  The lone analyst forecast for the quarter was for a
loss of $2.21 per share. 
    * Revenue fell 33.2% to $5.93 million from a year ago;
analysts
expected $8.44 million. 
    * Digital Ally Inc's reported EPS for the quarter was a loss
of
$2.69​.
    * The company reported a quarterly loss of $7.48 million.
    * Digital Ally Inc shares had held steady so far this
quarter and
gained 18.9% 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
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Digital Ally Inc
is $11.00 
This summary was machine generated from LSEG data April 1 at
10:08 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
 Dec. 31 2023      -2.21          -2.69          Missed
 Sep. 30 2023      -2.24          -1.32          Beat
 Jun. 30 2023      -2.24          -3.01          Missed
 Mar. 31 2023      -2.42          -2.22          Beat