Spire (OTCMKTS:SPIR) Updates Q4 2021 Earnings Guidance

Spire (OTCMKTS:SPIR) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-0.140-$-0.110 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.100. The company issued revenue guidance of $11.60 million-$13.60 million, compared to the consensus revenue estimate of $13.53 million.Spire also updated its FY 2021 guidance to $-0.990-$-0.920 EPS.

Shares of OTCMKTS SPIR traded up $0.08 during midday trading on Thursday, hitting $4.73. The company’s stock had a trading volume of 985,923 shares, compared to its average volume of 795,473. The stock has a fifty day moving average price of $7.56 and a 200 day moving average price of $4.15. Spire has a one year low of $4.46 and a one year high of $19.50.

Spire (OTCMKTS:SPIR) last posted its quarterly earnings results on Wednesday, November 10th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.18). The firm had revenue of $9.56 million for the quarter, compared to the consensus estimate of $9.50 million.

SPIR has been the topic of a number of analyst reports. Piper Sandler initiated coverage on shares of Spire in a report on Thursday, October 14th. They set a neutral rating and a $6.50 target price on the stock. Robert W. Baird raised shares of Spire from a neutral rating to an outperform rating and set a $10.00 price target for the company in a research note on Thursday, November 11th.

An institutional investor recently bought a new position in Spire stock. Morgan Stanley acquired a new position in Spire Co. (OTCMKTS:SPIR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,032 shares of the technology company’s stock, valued at approximately $100,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Spire Company Profile

Spire Corporation is engaged in developing, manufacturing, and marketing engineered products and services in the areas of photovoltaic solar and biomedical. The company offers specialized equipment for the production of terrestrial photovoltaic modules from solar cells; and photovoltaic systems for grid connected application in the commercial markets.

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