Sono-Tek Corp reports results for the quarter ended in August - Earnings Summary

Sono-Tek

12/10/2023 14:32

* Sono-Tek Corp  SOTK.OQ  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in August. The mean
expectation of two analysts for the quarter was for earnings of
5 cents per share.
    * Revenue rose 49.9% to $5.64 million from a year ago;
analysts
expected $5.62 million. 
    * Sono-Tek Corp's reported EPS for the quarter was 3 cents​.
    * The mean earnings estimate of analysts had risen by
about 25% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sono-Tek Corp shares had risen by 2.7% this quarter and
lost 16.5% so far this year.
    * The company reported quarterly net income of $541.27
thousand.
    * Wall Street's median 12-month price target for Sono-Tek
Corp is
$9.75 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 12 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.05           0.03           Missed
 May. 31 2023      0.00           0.00           Met
 Feb. 28 2023      0.01           0.00           Missed
 Nov. 30 2022      0.01           0.01           Met