Ispire Technology Inc reports results for the quarter ended September 30 - Earnings Summary

• Ispire Technology Inc ISPR.OQ reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of two analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -10 cents to -2 cents per share.

• Revenue fell 8.2% to $39.34 million from a year ago; analysts expected $51.66 million.

• Ispire Technology Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $5.6 million.

• Ispire Technology Inc shares had fallen by 5.1% this quarter and lost 51.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% 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 tobacco peer group is "hold."

Wall Street's median 12-month price target for Ispire Technology Inc is $9.50

This summary was machine generated from LSEG data November 12 at 03:47 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)