Research Solutions Inc reports results for the quarter ended in December - Earnings Summary

Research Solutions

08/02/2024 22:53

* Research Solutions Inc  RSSS.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -1 cents.  The mean expectation of
two analysts for the quarter was for breakeven results per
share. 
    * Revenue rose 18.3% to $10.31 million from a year ago;
analysts
expected $9.79 million. 
    * Research Solutions Inc's reported EPS for the quarter was
breakeven results​.
    * The company reported a quarterly loss of $53 thousand.
    * Research Solutions Inc shares had risen by 6.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 100%
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 online
services
peer group is also "buy"

Wall Street's median 12-month price target for Research
Solutions Inc is $4.68 
This summary was machine generated from LSEG data February 8 at
10:53 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
 Dec. 31 2023      0.00           0.01           Beat
 Sep. 30 2023      -0.03          0.01           Beat
 Jun. 30 2023      0.00           0.01           Beat
 Mar. 31 2023      -0.01          0.01           Beat