Star Equity Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Star Equity Holdings Inc STRR.OQ reported quarterly adjusted earnings of $1.86​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -76 cents. The mean expectation of two analysts for the quarter was for a loss of 60 cents per share. Wall Street expected results to range from -76 cents to -44 cents per share.

• Revenue rose 75.8% to $23.71 million from a year ago; analysts expected $16.75 million.

• Star Equity Holdings Inc's reported EPS for the quarter was 86 cents​.

• The company reported quarterly net income of $2.78 million.

• Star Equity Holdings Inc shares had risen by 0.5% this quarter and lost 11.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 185.7% 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 "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 homebuilding peer group is also "buy"

• Wall Street's median 12-month price target for Star Equity Holdings Inc is $8.50, about 76.4% above its last closing price of $2.01

This summary was machine generated from LSEG data August 13 at 01:30 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)