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

• Snail Inc SNAL.OQ reported a quarterly adjusted loss of 43 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 6 cents. The lone analyst forecast for the quarter was for a loss of one cent per share.

• Revenue rose 2.7% to $22.19 million from a year ago; analysts expected $26.00 million.

• Snail Inc's reported EPS for the quarter was a loss of 44 cents​.

• The company reported a quarterly loss of $16.56 million.

• Snail Inc shares had fallen by 28.6% this quarter and lost 47.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 150% 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," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Snail Inc is $4.00, about 75.6% above its last closing price of $0.98

This summary was machine generated from LSEG data August 19 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)