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

VerifyMe

21/03/2024 13:32

* VerifyMe Inc  VRME.OQ  reported quarterly breakeven
results​​
per share for the quarter ended in December, lower than the same
quarter last year, when the company reported EPS of 1 cents. 
The mean expectation of two analysts for the quarter was for a
loss of 3 cents per share. 
    * Revenue fell 10.2% to $8.71 million from a year ago;
analysts
expected $8.95 million. 
    * VerifyMe Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported quarterly net income of $2 thousand.
    * VerifyMe Inc shares had risen by 18.3% this quarter.

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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "buy."

Wall Street's median 12-month price target for VerifyMe Inc is
$2.85 
This summary was machine generated from LSEG data March 21 at
01:31 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
 Dec. 31 2023      -0.03          0.00           Beat
 Sep. 30 2023      -0.10          -0.09          Beat
 Jun. 30 2023      -0.09          -0.09          Met
 Mar. 31 2023      -0.09          -0.17          Missed