Supercom Ltd reports results for the quarter ended June 30 - Earnings Summary

• Supercom Ltd SPCB reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.20. The mean expectation of two analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 3 cents to 68 cents per share.

• Revenue fell 5.4% to $7.14 million from a year ago; analysts expected $6.46 million.

• Supercom Ltd's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $1.1 million.

• Supercom Ltd shares had fallen by 6.3% this quarter and gained 101.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Supercom Ltd is $15.00, about 35.2% above its last closing price of $9.73

This summary was machine generated from LSEG data August 15 at 08:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)