Pioneer Power Solutions Inc reports results for the quarter ended in December - Earnings Summary

Pioneer Power Solutions

01/04/2024 22:51

* Pioneer Power Solutions Inc  PPSI.OQ  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
two analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from -1 cents to 4
cents per share.
    * Revenue fell 18.9% to $7.72 million from a year ago;
analysts
expected $10.89 million. 
    * Pioneer Power Solutions Inc's reported EPS for the quarter
was a
loss of 7 cents​.
    * The company reported a quarterly loss of $689 thousand.
    * Pioneer Power Solutions Inc shares had held steady so far
this
quarter and lost 15.9% 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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
electrical
equipment peer group is also "buy"

Wall Street's median 12-month price target for Pioneer Power
Solutions Inc is $12.00 
This summary was machine generated from LSEG data April 1 at
09:51 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
 Dec. 31 2023      0.02           -0.07          Missed
 Sep. 30 2023      0.05           0.10           Beat
 Jun. 30 2023      0.00           -0.03          Missed
 Mar. 31 2023      -0.03          0.01           Beat