* Synchronoss Technologies Inc reported a quarterly adjusted loss of 26 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of three analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 13 cents to 47 cents per share.
* Revenue fell 22.8% to $42.96 million from a year ago; analysts expected $43.29 million.
* Synchronoss Technologies Inc's reported EPS for the quarter was a loss of 56 cents.
* The company reported a quarterly loss of $5.7 million.
* Synchronoss Technologies Inc shares had fallen by 25.6% this quarter and gained 78.3% 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 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the it services & consulting peer group is also "buy"
Wall Street's median 12-month price target for Synchronoss Technologies Inc is $20.00 This summary was machine generated from LSEG data November 13 at 02:20 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 2024 0.32 -0.26 Missed
Jun. 30 2024 0.07 0.48 Beat
Mar. 31 2024 -0.50 0.44 Beat
Dec. 31 2023 -0.10 -0.85 Missed
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