Pioneer Power Solutions Inc reports results for the quarter ended September 30 - Earnings Summary

• Pioneer Power Solutions Inc PPSI.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 10 cents. The mean expectation of two analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 3 cents to 9 cents per share.

• Revenue fell 12.3% to $10.91 million from a year ago; analysts expected $14.34 million.

• Pioneer Power Solutions Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $1.12 million.

• Pioneer Power Solutions Inc shares had risen by 30.7% this quarter and lost 9.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.4% 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 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the heavy electrical equipment peer group is also "buy"

Wall Street's median 12-month price target for Pioneer Power Solutions Inc is $10.50

This summary was machine generated from LSEG data November 15 at 10:24 a.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)