Netcapital Inc reports results for the quarter ended in October - Earnings Summary

Netcapital

15/12/2023 12:35

* Netcapital Inc  NCPL.OQ  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in October.  The lone
analyst forecast for the quarter was for earnings of one cent
per share. 
    * Revenue was $2.04 million​; analysts expected $2.17
million. 
    * Netcapital Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $339
thousand.
    * Netcapital Inc shares had fallen by 13.4% this quarter and
lost 76.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 90%
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." 
    * Wall Street's median 12-month price target for Netcapital
Inc is
$2.80 

This summary was machine generated from LSEG data December 15 at
12:34 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 2023      0.01           0.04           Beat
 Jul. 31 2023      0.09           -0.07          Missed