Surgepays Inc reports results for the quarter ended March 31 - Earnings Summary

• Surgepays Inc SURG.OQ reported a quarterly adjusted loss of 38 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of four analysts for the quarter was for a loss of 23 cents per share. Wall Street expected results to range from -44 cents to -3 cents per share.

• Revenue fell 66.3% to $10.58 million from a year ago; analysts expected $12.18 million.

• Surgepays Inc's reported EPS for the quarter was a loss of 38 cents​.

• The company reported a quarterly loss of $7.64 million.

• Surgepays Inc shares had risen by 30.4% this quarter and gained 51.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 69.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

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

• Wall Street's median 12-month price target for Surgepays Inc is $6.88

This summary was machine generated from LSEG data May 13 at 09:01 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)