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

Surgepays

13/05/2024 23:48

* Surgepays Inc  SURG.OQ  reported quarterly adjusted
earnings of
7 cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 31
cents.  The mean expectation of three analysts for the quarter
was for earnings of 15 cents per share. Wall Street expected
results to range from 3 cents to 27 cents per share.
    * Revenue fell 9.6% to $31.43 million from a year ago;
analysts
expected $28.70 million. 
    * Surgepays Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $1.22
million.
    * Surgepays Inc shares had fallen by 0.5% this quarter and
lost 40.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 66.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
telecommunications services peer group is  "hold."

Wall Street's median 12-month price target for Surgepays Inc is
$7.00 
This summary was machine generated from LSEG data May 13 at
10:48 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      0.15           0.07           Missed
 Dec. 31 2023      0.41           0.19           Missed
 Sep. 30 2023      0.29           0.49           Beat
 Jun. 30 2023      0.16           0.40           Beat