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

• Surgepays Inc SURG.OQ reported a quarterly adjusted loss of 73 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of three analysts for the quarter was for a loss of 27 cents per share. Wall Street expected results to range from -36 cents to -20 cents per share.

• Revenue fell 86% to $4.77 million from a year ago; analysts expected $8.64 million.

• Surgepays Inc's reported EPS for the quarter was a loss of 73 cents​.

• The company reported a quarterly loss of $14.28 million.

• Surgepays Inc shares had fallen by 7.6% this quarter and lost 73.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 86.1% 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 integrated telecommunications services peer group is "hold."

Wall Street's median 12-month price target for Surgepays Inc is 5.50

This summary was machine generated from LSEG data November 13 at 03:32 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)