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

Northern Technologies International

13/07/2023 14:31

* Northern Technologies International Corp  NTIC.OQ 
reported
quarterly adjusted earnings of 17 cents​​ per share for the
quarter ended in May. The lone analyst forecast for the quarter
was for earnings of 19 cents per share.
    * Revenue rose 10.6% to $20.97 million from a year ago;
analysts
expected $20.60 million. 
    * Northern Technologies International Corp's reported EPS
for the
quarter was 16 cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Northern Technologies International Corp shares had risen
by 1.7% this quarter and lost 18.2% so far this year.
    * The company reported quarterly net income of $1.53
million.
    * Wall Street's median 12-month price target for Northern
Technologies International Corp is $20.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
13 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Aug. 31 2022      0.13           0.08           Missed