Socket Mobile Inc reports results for the quarter ended in June - Earnings Summary

Socket Mobile

28/07/2022 22:42

* Socket Mobile Inc  SCKT.OQ  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of 8 cents per
share.
    * Revenue rose 1.6% to $6.05 million from a year ago;
analysts
expected $7.44 million. 
    * Socket Mobile Inc's reported EPS for the quarter was 1
cent​.
    * 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. 
    * Socket Mobile Inc shares had fallen by 4.3% this
quarter and
lost 28.7% so far this year.
    * The company reported quarterly net income of $104
thousand.
    * Wall Street's median 12-month price target for Socket
Mobile Inc
is $6.00 
    * The current average analyst rating on the shares is
"strong 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 Refinitiv data July 28
at 09:41 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.08           0.01           Missed
 Mar. 31 2022      0.05           0.04           Missed
 Dec. 31 2021      0.07           0.11           Beat
 Sep. 30 2021      0.06           0.07           Beat