Mind Technology Inc reports results for the quarter ended January 31 - Earnings Summary

• Mind Technology Inc MIND.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 35 cents. The lone analyst forecast for the quarter was for earnings of 18 cents per share.

• Revenue rose 12.5% to $15.04 million from a year ago; analysts expected $12.20 million.

• Mind Technology Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $2.03 million.

• Mind Technology Inc shares had fallen by 12.3% this quarter and lost 33.8% so far this year.

FORECAST CHANGES

• 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.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "strong buy"

• Wall Street's median 12-month price target for Mind Technology Inc is $8.00

This summary was machine generated from LSEG data April 22 at 09:42 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)