Mind Technology Inc reports results for the quarter ended October 31 - Earnings Summary

Mind Technology

10/12/2024 22:53

* Mind Technology Inc  MIND.OQ  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended October
31, higher than the same quarter last year, when the company
reported EPS of $-1.89.  The lone analyst forecast for the
quarter was for earnings of 13 cents per share. 
    * Revenue rose 143.4% to $12.11 million from a year ago;
analysts
expected $10.25 million. 
    * Mind Technology Inc's reported EPS for the quarter was
$2.87​.
    * The company reported quarterly net income of $15.71
million.
    * Mind Technology Inc shares had risen by 8.5% this
quarter and
lost 36.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 55.2%
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
"strong 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 oil related
services and equipment peer group is also "strong buy"

Wall Street's median 12-month price target for Mind Technology
Inc is $6.00 
This summary was machine generated from LSEG data December 10 at
10:53 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
 Oct. 31 2024      0.13           0.17           Beat
 Jul. 31 2024      0.02           -0.11          Missed
 Apr. 30 2024      0.30           0.00           Missed
 Jan. 31 2024      0.48           0.35           Missed