Telos Corp reports results for the quarter ended June 30 - Earnings Summary

• Telos Corp TLS.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of six analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -6 cents to -3 cents per share.

• Revenue rose 26.2% to $35.97 million from a year ago; analysts expected $33.60 million.

• Telos Corp's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $9.52 million.

• Telos Corp shares had fallen by 24.9% this quarter and lost 30.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the integrated hardware & software peer group is also "buy"

• Wall Street's median 12-month price target for Telos Corp is $3.75, about 36.5% above its last closing price of $2.38

This summary was machine generated from LSEG data August 11 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)