SurgePays, Inc. (NASDAQ:SURG) Forecasted to Post Q1 2024 Earnings of $0.27 Per Share

SurgePays, Inc. (NASDAQ:SURG) – Investment analysts at Sidoti Csr issued their Q1 2024 EPS estimates for SurgePays in a report issued on Tuesday, April 23rd. Sidoti Csr analyst A. Soderstrom anticipates that the medical equipment provider will earn $0.27 per share for the quarter. The consensus estimate for SurgePays’ current full-year earnings is $0.42 per share. Sidoti Csr also issued estimates for SurgePays’ Q2 2024 earnings at $0.00 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.42 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.61 EPS.

SurgePays (NASDAQ:SURG) last released its quarterly earnings results on Tuesday, March 12th. The medical equipment provider reported $0.19 earnings per share for the quarter. SurgePays had a return on equity of 104.66% and a net margin of 15.03%. The business had revenue of $32.32 million for the quarter.

Several other research analysts also recently commented on the company. Maxim Group downgraded SurgePays from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Ascendiant Capital Markets decreased their price objective on SurgePays from $11.50 to $10.00 and set a “buy” rating on the stock in a report on Monday, April 1st.

SurgePays Stock Up 0.9 %

SURG opened at $3.39 on Thursday. The company has a market cap of $65.39 million, a P/E ratio of 2.44, a P/E/G ratio of 0.53 and a beta of 1.08. The business’s 50-day moving average price is $5.04 and its 200-day moving average price is $5.75. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.02. SurgePays has a 12 month low of $3.28 and a 12 month high of $9.23.

Institutional Trading of SurgePays

Several large investors have recently bought and sold shares of the company. James Investment Research Inc. bought a new stake in shares of SurgePays in the 3rd quarter worth approximately $47,000. Oxford Asset Management LLP bought a new stake in shares of SurgePays in the 4th quarter worth approximately $71,000. FNY Investment Advisers LLC bought a new stake in shares of SurgePays in the 4th quarter worth approximately $95,000. Jump Financial LLC boosted its position in shares of SurgePays by 44.7% in the 4th quarter. Jump Financial LLC now owns 16,500 shares of the medical equipment provider’s stock worth $106,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of SurgePays in the 4th quarter worth approximately $106,000. 6.94% of the stock is owned by institutional investors.

SurgePays Company Profile

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.