Rekor Systems Inc reports results for the quarter ended September 30 - Earnings Summary

Rekor Systems

15/11/2024 14:01

* Rekor Systems Inc  REKR.OQ  reported a quarterly adjusted
loss
of 14 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -16 cents.  The mean expectation of two analysts
for the quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -11 cents to -5 cents per share.
    * Revenue rose 15.6% to $10.55 million from a year ago;
analysts
expected $14.06 million. 
    * Rekor Systems Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $12.65 million.
    * Rekor Systems Inc shares had fallen by 8.5% this
quarter and
lost 67.6% 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
"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 November 15 at
02:01 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
 Sep. 30 2024      -0.08          -0.14          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