Cemtrex Inc reports results for the quarter ended in September - Earnings Summary

Reuters2023-12-22

* Cemtrex Inc reported a quarterly adjusted loss of 92 cents per share for the quarter ended in September. The lone analyst forecast for the quarter was for a loss of $3.59 per share.

* Revenue rose 27.9% to $16.93 million from a year ago; analysts expected $15.04 million.

* Cemtrex Inc's reported EPS for the quarter was a loss of 92 cents.

* The company reported a quarterly loss of $1.24 million.

* Cemtrex Inc shares had risen by 23.8% this quarter and gained 36.7% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts was unchanged 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 business support services peer group is also "buy"

Wall Street's median 12-month price target for Cemtrex Inc is $23.00 This summary was machine generated from LSEG data December 21 at 11:27 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2023 -3.59 -0.92 Beat

Jun. 30 2023 -0.34 -1.28 Missed

Mar. 31 2023 -0.11 -0.74 Missed

Dec. 31 2022 -1.71 -3.99 Missed

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The lone analyst forecast for the quarter was for a loss of $3.59 per share.    * Revenue rose 27.9% to $16.93 million from a year ago; analysts expected $15.04 million.    * Cemtrex Inc's reported EPS for the quarter was a loss of 92 cents.   * The company reported a quarterly loss of $1.24 million.   * Cemtrex Inc shares had risen by 23.8% this quarter and gained 36.7% so far this year.FORECAST CHANGES   * The mean earnings estimate of analysts was unchanged 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 business support services peer group is also \"buy\"Wall Street's median 12-month price target for Cemtrex Inc is $23.00  This summary was machine generated from LSEG data December 21 at 11:27 p.m. UTC. 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