Surgepays Inc reports results for the quarter ended June 30 - Earnings Summary

• Surgepays Inc SURG.OQ reported a quarterly adjusted loss of 35 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -66 cents. The mean expectation of two analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -33 cents to -6 cents per share.

• Revenue fell 23.6% to $11.52 million from a year ago; analysts expected $16.14 million.

• Surgepays Inc's reported EPS for the quarter was a loss of 36 cents​.

• The company reported a quarterly loss of $7.08 million.

• Surgepays Inc shares had fallen by 6.4% this quarter and gained 63.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30% 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 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 also "buy"

• Wall Street's median 12-month price target for Surgepays Inc is $9.00, about 67.7% above its last closing price of $2.91

This summary was machine generated from LSEG data August 13 at 09:00 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)