The quarterly revenues from ShotSpotter (SSTI) were $0.05 per share, up from $0.03 per share, estimated by the analysts.
This gunfire detection system manufacturer was projected to report earnings of $0.01. Nevertheless, it produces a profit of $0.07 with a surprise of 600%.
For the quarter ended September 2020, ShotSpotter, posted sales of $11.35 million, eclipsing the analyst expectations by 1.94 percent. This is contrasted to $9.98 million years over year sales. Over the last four years, the company has beat consensus sales forecasts three times.
The persistence of the imminent price action of the stock based on the newly published figures and future revenue projections will rely strongly on the remarks of management on the earnings call.
Since the beginning of the year, ShotSpotter shares have gained around 27.4 percent versus the S&P 500 ‘s increase of 8.6 percent.
It will be fascinating in seeing how the forecasts adapt in the upcoming days for the coming quarters and the current fiscal year. The latest EPS consensus forecast is $0.05 on revenue of $11.76 million for the next quarter and $0.14 on revenue of $44.56 million for the current financial year.
So far this year, while ShotSpotter has outperformed the market, the question that comes to the minds of shareholders is: what’s next for the stock?
There are no simple answers to this main issue, but the earnings forecast of the ShotSpotter (SSTI)
is one reliable indicator that can help investors overcome this. This not just covers the current forecast of consensus earnings for the upcoming quarters, but also how these outlooks have shifted recently.
Shareholders should be conscious of the fact that the prospects for the sector may also have a tangible impact on the stock’s results.