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

LiqTech International

14/08/2024 14:31

* LiqTech International Inc  LIQT.OQ  reported a quarterly
adjusted loss of 36 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -27 cents.  The mean expectation of two analysts
for the quarter was for a loss of 31 cents per share. Wall
Street expected results to range from -38 cents to -24 cents per
share.
    * Revenue fell 10.1% to $4.49 million from a year ago;
analysts
expected $5.30 million. 
    * LiqTech International Inc's reported EPS for the quarter
was a
loss of 36 cents​.
    * The company reported a quarterly loss of $2.11 million.
    * LiqTech International Inc shares had risen by 7.4% this
quarter and lost 25.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for LiqTech
International Inc is $9.08 
This summary was machine generated from LSEG data August 14 at
01:31 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
 Jun. 30 2024      -0.31          -0.36          Missed
 Mar. 31 2024      -0.35          -0.41          Missed
 Dec. 31 2023      -0.24          -0.57          Missed
 Sep. 30 2023      -0.30          -0.25          Beat