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Stock impact report

The Glimpse Group, Inc. (NASDAQ:VRAR) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates [Yahoo! Finance]

The Glimpse Group, Inc. (VRAR) 
Company Research Source: Yahoo! Finance
The results were impressive, with revenues of US$2.1m exceeding analyst forecasts by 60%, and statutory losses of US$0.04 were likewise much smaller than the analyst had forecast. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year. See our latest analysis for Glimpse Group After the latest results, the consensus from Glimpse Group's solitary analyst is for revenues of US$10.4m in 2024, which would reflect a not inconsiderable 12% decline in revenue compared to the last year of performance. The loss per share is expected to greatly reduce in the near future, narrowing 75% to US$0.38. Before this earnings announcement, the analyst had been modelling revenues of US$9.20m and losses of US$0.40 per share in 2024. We can see Show less Read more
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