Telos Corp reports results for the quarter ended in June - Earnings Summary

Telos

09/08/2024 15:30

* Telos Corp  TLS.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of six analysts for the quarter was
for a loss of 14 cents per share. Wall Street expected
results to range from -14 cents to -12 cents per share.
    * Revenue fell 13.4% to $28.50 million from a year ago;
analysts
expected $26.45 million. 
    * Telos Corp's reported EPS for the quarter was a loss of 11
cents​.
    * The company reported a quarterly loss of $7.74 million.
    * Telos Corp shares had fallen by 6.2% this quarter and
gained 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.3%
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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the integrated
hardware
& software peer group is also "buy"

Wall Street's median 12-month price target for Telos Corp is
$5.50 
This summary was machine generated from LSEG data August 9 at
02:30 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
 Jun. 30 2024      -0.14          -0.09          Beat
 Mar. 31 2024      -0.11          -0.08          Beat
 Dec. 31 2023      -0.12          -0.09          Beat
 Sep. 30 2023      -0.13          -0.07          Beat