Reliance Global Group Inc reports results for the quarter ended in March - Earnings Summary

Reliance Global

19/05/2023 17:44

* Reliance Global Group Inc  RELI.OQ  reported a quarterly
adjusted loss of $1.15​​ per share for the quarter ended in
March. The lone analyst forecast for the quarter was for a loss
of 84 cents per share.
    * Revenue fell 7% to $3.94 million from a year ago; analysts
expected $4.97 million. 
    * Reliance Global Group Inc's reported EPS for the quarter
was a
loss of $1.15​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Reliance Global Group Inc shares had risen by 36.5% this
quarter and lost 51.8% so far this year.
    * The company reported a quarterly loss of $1.79 million.
    * Wall Street's median 12-month price target for Reliance
Global
Group Inc is $4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
19 at 04:44 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.84          -1.15          Missed
 Sep. 30 2022      -1.05          -1.50          Missed
 Jun. 30 2022      -1.50          -1.50          Met