Usio Inc reports results for the quarter ended in March - Earnings Summary

Usio

15/05/2024 22:52

* Usio Inc  USIO.OQ  reported a quarterly adjusted loss of 1
cent​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of three analysts for
the quarter was for earnings of one cent per share. Wall Street
expected results to range from zero cents to 3 cents per share.
    * Revenue fell 5.2% to $20.32 million from a year ago;
analysts
expected $21.58 million. 
    * Usio Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $250 thousand.
    * Usio Inc shares had fallen by 12.9% this quarter and
lost 14.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Usio Inc is $8.25
This summary was machine generated from LSEG data May 15 at
09:52 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
 Mar. 31 2024      0.01           -0.01          Missed
 Dec. 31 2023      0.00           0.00           Met
 Sep. 30 2023      0.00           -0.04          Missed
 Jun. 30 2023      0.01           0.01           Met