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1.59744320089951E-16 1.59744320089951E-16 1.59744320089951E-16 1.59744320089951E-16 1.59744320089951E-16 0.0215827338129497 0.0719424460431655 0.0392805755395685
Stock impact report

One The Glimpse Group, Inc. (NASDAQ:VRAR) Analyst Just Lifted Their Revenue Forecasts By A Meaningful 13% [Yahoo! Finance]

The Glimpse Group, Inc. (VRAR) 
Company Research Source: Yahoo! Finance
The analyst has sharply increased their revenue numbers, with a view that Glimpse Group will make substantially more sales than they'd previously expected. Investors have been pretty optimistic on Glimpse Group too, with the stock up 15% to US$1.39 over the past week. Could this upgrade be enough to drive the stock even higher? Following the latest upgrade, the solitary analyst covering Glimpse Group provided consensus estimates of US$10m revenue in 2024, which would reflect a chunky 12% decline on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 75% to US$0.38. However, before this estimates update, the consensus had been expecting revenues of US$9.2m and US$0.40 per share in losses. So there's been quite a change-up of views after the recent consensus updates, with the analyst making a sizeable increase to their revenue forecasts while also reducing the estimated loss as the business grows towards breakeven. Vie Show less Read more
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