SurgePays (SURG) Projected to Post Quarterly Earnings on Tuesday

SurgePays (NASDAQ:SURG) is anticipated to announce its Q1 2025 earnings results after the market closes on Tuesday, May 13th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $9.80 million for the quarter.

SurgePays (NASDAQ:SURG) last released its quarterly earnings data 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 company 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 Stock Performance

NASDAQ SURG opened at $2.80 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.24 and a quick ratio of 4.70. SurgePays has a 1 year low of $1.05 and a 1 year high of $4.38. The company has a market capitalization of $57.15 million, a PE ratio of -2.48 and a beta of 0.51. The company has a fifty day moving average of $2.16 and a two-hundred day moving average of $1.82.

Analysts Set New Price Targets

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

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.