Mind Technology Inc reports results for the quarter ended April 30 - Earnings Summary

• Mind Technology Inc MIND.OQ reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported breakeven earnings per share. The lone analyst forecast for the quarter was for earnings of 8 cents per share.

• Revenue fell 18.4% to $7.90 million from a year ago; analysts expected $10.10 million.

• Mind Technology Inc shares had risen by 15.2% this quarter and lost 13.0% so far this year.

FORECAST CHANGES

• 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 "buy."

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

This summary was machine generated from LSEG data June 10 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)