Spire Global (SPIR) to Release Earnings on Wednesday

Spire Global (NYSE:SPIR - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 15th. Analysts expect Spire Global to post earnings of ($0.33) per share for the quarter. Spire Global has set its FY 2024 guidance at -0.240-0.110 EPS and its Q1 2024 guidance at -0.360--0.270 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Spire Global (NYSE:SPIR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.77) by $0.25. Spire Global had a negative return on equity of 66.20% and a negative net margin of 60.51%. The company had revenue of $27.73 million for the quarter, compared to analysts' expectations of $29.23 million. On average, analysts expect Spire Global to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Spire Global Price Performance

NYSE SPIR traded down $0.08 during mid-day trading on Wednesday, hitting $10.80. The stock had a trading volume of 196,646 shares, compared to its average volume of 424,848. The firm's 50 day moving average is $11.60 and its 200 day moving average is $8.52. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $262.66 million, a price-to-earnings ratio of -3.29 and a beta of 2.04. Spire Global has a twelve month low of $2.80 and a twelve month high of $19.40.

Insider Activity

In related news, COO Theresa Condor sold 5,870 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $11.39, for a total transaction of $66,859.30. Following the transaction, the chief operating officer now owns 235,141 shares in the company, valued at approximately $2,678,255.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Theresa Condor sold 5,870 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $11.39, for a total transaction of $66,859.30. Following the transaction, the chief operating officer now owns 235,141 shares of the company's stock, valued at $2,678,255.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Peter Platzer sold 12,534 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $11.39, for a total value of $142,762.26. Following the sale, the chief executive officer now directly owns 1,462,238 shares of the company's stock, valued at $16,654,890.82. The disclosure for this sale can be found here. Company insiders own 17.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Canaccord Genuity Group reduced their target price on Spire Global from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Alliance Global Partners started coverage on shares of Spire Global in a report on Thursday, April 18th. They issued a "buy" rating and a $22.00 price objective on the stock.

About Spire Global

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.