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

Surgepays

15/08/2024 04:50

* Surgepays Inc  SURG.OQ  reported a quarterly adjusted loss
of 66
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of three analysts for the quarter
was for a loss of 7 cents per share. Wall Street expected
results to range from -14 cents to -1 cents per share.
    * Revenue fell 58% to $15.09 million from a year ago;
analysts
expected $15.15 million. 
    * Surgepays Inc's reported EPS for the quarter was a loss
of 66
cents​.
    * The company reported a quarterly loss of $12.87 million.
    * Surgepays Inc shares had fallen by 14.7% this quarter and
lost 57.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.7%
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 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
$5.75 
This summary was machine generated from LSEG data August 15 at
03:50 a.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
 Jun. 30 2024      -0.07          -0.66          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