Northern Technologies International Corp reports results for the quarter ended in August - Earnings Summary

Northern Technologies International

21/11/2023 14:32

* Northern Technologies International Corp  NTIC.OQ 
reported
quarterly adjusted earnings of 3 cents​​ per share for the
quarter ended in August, lower than the same quarter last year,
when the company reported EPS of 8 cents.  The lone analyst
forecast for the quarter was for earnings of 18 cents per share.
    * Revenue rose 18% to $20.71 million from a year ago;
analysts
expected $21.40 million. 
    * Northern Technologies International Corp's reported EPS
for the
quarter was 10 cents​.
    * The company reported quarterly net income of $938.95
thousand.
    * Northern Technologies International Corp shares had fallen
by 12.5% this quarter and lost 12.1% 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." 
    * Wall Street's median 12-month price target for Northern
Technologies International Corp is $20.00 

This summary was machine generated from LSEG data November 21 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.18           0.03           Missed
 May. 31 2023      0.19           0.17           Missed
 Feb. 28 2023      0.18           0.10           Missed
 Nov. 30 2022      0.11           0.06           Missed