Pioneer Power Solutions Inc reports results for the quarter ended September 30 - Earnings Summary

Pioneer Power Solutions

15/11/2024 10:24

* Pioneer Power Solutions Inc  PPSI.OQ  reported a quarterly
adjusted loss of 10 cents​​ per share for the quarter ended
September 30, 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 6 cents per
share. Wall Street expected results to range from 3 cents to 9
cents per share.
    * Revenue fell 12.3% to $10.91 million from a year ago;
analysts
expected $14.34 million. 
    * Pioneer Power Solutions Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $1.12 million.
    * Pioneer Power Solutions Inc shares had risen by 30.7% this
quarter and lost 9.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.4%
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 $10.50 
This summary was machine generated from LSEG data November 15 at
10:24 a.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
 Sep. 30 2024      0.06           -0.10          Missed
 Jun. 30 2024      0.04           -0.21          Missed
 Mar. 31 2024      0.00           -0.10          Missed
 Dec. 31 2023      0.02           -0.27          Missed