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

• Ispire Technology Inc ISPR.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -10 cents. The lone analyst forecast for the quarter was for a loss of 10 cents per share.

• Revenue fell 22.8% to $30.35 million from a year ago; analysts expected $43.00 million.

• Ispire Technology Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $3.26 million.

• Ispire Technology Inc shares had fallen by 28.9% this quarter and lost 63.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 66.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 tobacco peer group is also "buy"

• Wall Street's median 12-month price target for Ispire Technology Inc is $6.50, about 72% above its last closing price of $1.82

This summary was machine generated from LSEG data November 6 at 05:29 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)