Rekor Systems Inc reports results for the quarter ended in June - Earnings Summary

Rekor Systems

15/08/2024 05:43

* Rekor Systems Inc  REKR.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -18 cents.  The mean expectation of two analysts for the
quarter was for a loss of 12 cents per share. Wall Street
expected results to range from -14 cents to -11 cents per share.
    * Revenue rose 45.1% to $12.43 million from a year ago;
analysts
expected $12.15 million. 
    * Rekor Systems Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $9.8 million.
    * Rekor Systems Inc shares had fallen by 9.7% this
quarter and
lost 58.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 47.1%
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
"strong 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 software peer
group
is  "buy."

Wall Street's median 12-month price target for Rekor Systems Inc
is $4.50 
This summary was machine generated from LSEG data August 15 at
04:43 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
 Jun. 30 2024      -0.12          -0.12          Met
 Mar. 31 2024      -0.11          -0.23          Missed
 Dec. 31 2023      -0.10          -0.16          Missed
 Sep. 30 2023      -0.14          -0.16          Missed