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

Toughbuilt Industries

22/08/2023 22:01

* Toughbuilt Industries Inc  TBLT.OQ  reported a quarterly
adjusted loss of 36 cents​​ per share for the quarter ended in
June. The lone analyst forecast for the quarter was for a loss
of 57 cents per share.
    * Revenue was $18.88 million​; analysts expected $28.90
million. 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Toughbuilt Industries Inc shares had fallen by 8.8% this
quarter and lost 88.4% so far this year.
    * The company reported a quarterly loss of $5.73 million.
    * Wall Street's median 12-month price target for Toughbuilt
Industries Inc is $2.00 
    * 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
August 22 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.57          -0.36          Beat
 Sep. 30 2022      -0.93          0.41           Beat