Paltalk Inc reports results for the quarter ended in June - Earnings Summary

Reuters08-14

* Paltalk Inc reported a quarterly adjusted loss of 10 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 1 cents. The lone analyst forecast for the quarter was for a loss of 8 cents per share.

* Revenue fell 24.7% to $2.22 million from a year ago; analysts expected $2.66 million.

* Paltalk Inc's reported EPS for the quarter was a loss of 10 cents.

* The company reported a quarterly loss of $934.15 thousand.

* Paltalk Inc shares had fallen by 0.5% this quarter and gained 70.9% 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 online services peer group is also "buy"

Wall Street's median 12-month price target for Paltalk Inc is $4.50 This summary was machine generated from LSEG data August 13 at 09:43 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

Jan. 1 0001 -0.08 -0.10 Missed

Mar. 31 2024 -0.02 -0.05 Missed

-0.03

-0.02

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The lone analyst forecast for the quarter was for a loss of 8 cents per share.    * Revenue fell 24.7% to $2.22 million from a year ago; analysts expected $2.66 million.    * Paltalk Inc's reported EPS for the quarter was a loss of 10 cents.   * The company reported a quarterly loss of $934.15 thousand.   * Paltalk Inc shares had fallen by 0.5% this quarter and gained 70.9% 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 online services peer group is also \"buy\"Wall Street's median 12-month price target for Paltalk Inc is $4.50  This summary was machine generated from LSEG data August 13 at 09:43 p.m. UTC. 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