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

Research Solutions

10/05/2024 16:16

* Research Solutions Inc  RSSS.OQ  reported quarterly
breakeven
results​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of three analysts for the quarter
was for earnings of 2 cents per share. Wall Street expected
results to range from 1 cents to 2 cents per share.
    * Revenue rose 17.2% to $12.12 million from a year ago;
analysts
expected $11.94 million. 
    * Research Solutions Inc's reported EPS for the quarter was
breakeven results​.
    * The company reported quarterly net income of $76.3
thousand.
    * Research Solutions Inc shares had fallen by 10.4% this
quarter and gained 8.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.1%
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 "buy"
and
the breakdown of recommendations is 3 "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 $5.00 
This summary was machine generated from LSEG data May 10 at
03:16 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
 Mar. 31 2024      0.02           0.00           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