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

VerifyMe

13/08/2024 15:18

* VerifyMe Inc  VRME.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of two analysts for the quarter was
for a loss of 9 cents per share. Wall Street expected results to
range from -13 cents to -6 cents per share.
    * Revenue rose 0.3% to $5.35 million from a year ago;
analysts
expected $5.62 million. 
    * VerifyMe Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $346 thousand.
    * VerifyMe Inc shares had fallen by 25.5% this quarter and
lost 6.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.7%
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 August 13 at
02:18 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
 Jan. 1 0001       -0.09          -0.03          Beat
 Mar. 31 2024      -0.10          -0.05          Beat
 Dec. 31 2023      -0.03          0.00           Beat
 Sep. 30 2023      -0.10          -0.09          Beat