QualTek Services Inc reports results for the quarter ended in September - Earnings Summary

QualTek Services

15/11/2022 03:29

* QualTek Services Inc  QTEK.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in September.
The mean expectation of three analysts for the quarter was
for earnings of one cent per share.
    * Revenue was $216.12 million​; analysts expected $218.58
million. 
    * QualTek Services Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 97.6%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * QualTek Services Inc shares had fallen by 20.4% this
quarter and
lost 83.9% so far this year.
    * The company reported a quarterly loss of $3.14 million.
    * Wall Street's median 12-month price target for QualTek
Services
Inc is $6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
15 at 03:29 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.01           -0.13          Missed
 Jun. 30 2022      -0.39          -0.50          Missed
 Mar. 31 2022      -0.48          0.47           Beat