Sidoti Csr Issues Negative Estimate for SurgePays Earnings

SurgePays, Inc. (NASDAQ:SURG) – Stock analysts at Sidoti Csr lowered their Q1 2025 EPS estimates for shares of SurgePays in a report issued on Wednesday, March 26th. Sidoti Csr analyst A. Soderstrom now expects that the medical equipment provider will post earnings of ($0.35) per share for the quarter, down from their prior estimate of ($0.19). The consensus estimate for SurgePays’ current full-year earnings is ($1.66) per share. Sidoti Csr also issued estimates for SurgePays’ Q2 2025 earnings at ($0.28) EPS, Q3 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.67) EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.21 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.83 EPS.

SurgePays (NASDAQ:SURG) last issued its earnings results on Tuesday, March 25th. The medical equipment provider reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.66). SurgePays had a negative return on equity of 55.63% and a negative net margin of 27.39%. The business had revenue of $9.59 million during the quarter, compared to analysts’ expectations of $8.22 million.

Separately, Ascendiant Capital Markets lowered their price objective on SurgePays from $9.00 to $8.50 and set a “buy” rating for the company in a research report on Monday, December 16th.

SurgePays Trading Down 17.9 %

NASDAQ SURG opened at $1.79 on Friday. The firm has a market cap of $36.09 million, a PE ratio of -1.58 and a beta of 1.03. SurgePays has a 1-year low of $1.05 and a 1-year high of $4.38. The stock has a 50-day moving average of $1.42 and a 200-day moving average of $1.63. The company has a current ratio of 6.24, a quick ratio of 4.70 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On SurgePays

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of SurgePays during the third quarter valued at about $25,000. XTX Topco Ltd bought a new position in SurgePays during the 4th quarter valued at approximately $53,000. Jane Street Group LLC bought a new position in SurgePays during the 4th quarter valued at approximately $54,000. Renaissance Technologies LLC lifted its holdings in SurgePays by 43.6% in the 4th quarter. Renaissance Technologies LLC now owns 49,400 shares of the medical equipment provider’s stock worth $88,000 after buying an additional 15,000 shares during the period. Finally, Northern Trust Corp grew its position in shares of SurgePays by 67.4% in the 4th quarter. Northern Trust Corp now owns 63,269 shares of the medical equipment provider’s stock worth $113,000 after buying an additional 25,467 shares during the last quarter. Institutional investors own 6.94% of the company’s stock.

About SurgePays

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.