SurgePays (SURG) to Release Quarterly Earnings on Monday

SurgePays (NASDAQ:SURG - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Monday, May 12th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $9.80 million for the quarter.

SurgePays (NASDAQ:SURG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The medical equipment provider reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.66). SurgePays had a negative net margin of 27.39% and a negative return on equity of 55.63%. The business had revenue of $9.59 million during the quarter, compared to analyst estimates of $8.22 million. On average, analysts expect SurgePays to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SurgePays Price Performance

Shares of NASDAQ:SURG opened at $2.72 on Monday. The company has a quick ratio of 4.70, a current ratio of 6.24 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.79. The company has a market cap of $55.52 million, a price-to-earnings ratio of -2.41 and a beta of 0.57. SurgePays has a twelve month low of $1.05 and a twelve month high of $4.38.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets upped their target price on shares of SurgePays from $8.50 to $8.75 and gave the company a "buy" rating in a research note on Tuesday, April 22nd.

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.

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