Spire Global Inc reports results for the quarter ended in January - Earnings Summary

Spire Global

15/05/2024 22:00

* Spire Global Inc  SPIR.N  reported a quarterly adjusted
loss
of 53 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -80 cents.  The mean expectation of five analysts for the
quarter was for a loss of 68 cents per share. Wall Street
expected results to range from -74 cents to -52 cents per share.
    * Revenue rose 6.3% to $25.69 million from a year ago;
analysts
expected $27.96 million. 
    * Spire Global Inc's reported EPS for the quarter was a loss
of
$1.16​.
    * The company reported a quarterly loss of $25.26 million.
    * Spire Global Inc shares had risen by 1.4% this quarter and
gained 55.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.6%
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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the wireless
telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Spire Global Inc
is $22.00 
This summary was machine generated from LSEG data May 15 at
09:00 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      -0.68          -0.53          Beat
 Dec. 31 2023      -0.72          -0.58          Beat
 Sep. 30 2023      -0.62          -0.51          Beat
 Jun. 30 2023      -0.80          -0.56          Beat