Tingo Group Inc reports results for the quarter ended in December - Earnings Summary

Tingo

31/03/2023 14:32

* Tingo Group Inc  TIO.OQ  reported a quarterly adjusted
loss of 2
cents​​ per share for the quarter ended in December. The lone
analyst forecast for the quarter was for earnings of 17 cents
per share.
    * Revenue rose 597.2% to $110.76 million from a year ago;
analysts
expected $310.00 million. 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Tingo Group Inc shares had risen by 36.1% this quarter.
    * The company reported a quarterly loss of $16.38 million.
    * Wall Street's median 12-month price target for Tingo Group
Inc
is $3.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 31 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.17           -0.02          Missed