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

Soundthinking

14/05/2024 22:01

* SoundThinking Inc  SSTI.OQ  reported a quarterly adjusted
loss
of 23 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of -15 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -12 cents to -2 cents per share.
    * Revenue rose 23.2% to $25.41 million from a year ago;
analysts
expected $25.12 million. 
    * SoundThinking Inc's reported EPS for the quarter was a
loss
of 23 cents​.
    * SoundThinking Inc shares had fallen by 8.5% this
quarter and
lost 43.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 94.5%
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 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for SoundThinking Inc
is $25.00 
This summary was machine generated from LSEG data May 14 at
09:01 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      -0.08          -0.23          Missed
 Dec. 31 2023      0.05           0.28           Beat
 Sep. 30 2023      -0.05          -0.15          Missed
 Jun. 30 2023      -0.02          -0.22          Missed