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

Tingo

31/08/2023 14:32

* Tingo Group Inc  TIO.OQ  reported quarterly adjusted
earnings of
18 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of 31 cents
per share.
    * Revenue rose 8,071.7% to $977.17 million from a year ago;
analysts expected $915.00 million. 
    * Tingo Group Inc's reported EPS for the quarter was 18
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Tingo Group Inc shares had risen by 15.7% this quarter and
gained 68.7% so far this year.
    * The company reported quarterly net income of $96.51
million.
    * Wall Street's median 12-month price target for Tingo Group
Inc
is $11.75 
    * 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
August 31 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.31           0.18           Missed
 Mar. 31 2023      0.28           0.33           Beat
 Dec. 31 2022      0.17           -0.02          Missed