SoundThinking (SSTI) to Release Earnings on Tuesday

SoundThinking (NASDAQ:SSTI) is scheduled to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. SoundThinking has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.15). SoundThinking had a negative return on equity of 12.69% and a negative net margin of 3.94%. The business had revenue of $25.41 million during the quarter, compared to analysts’ expectations of $25.48 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, analysts expect SoundThinking to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoundThinking Stock Up 0.1 %

Shares of SoundThinking stock opened at $14.51 on Monday. The firm has a market cap of $185.58 million, a PE ratio of -45.34 and a beta of 1.21. SoundThinking has a 52 week low of $11.00 and a 52 week high of $26.92. The business’s fifty day simple moving average is $13.64 and its 200-day simple moving average is $15.48.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SSTI. Lake Street Capital assumed coverage on shares of SoundThinking in a research report on Friday, May 24th. They set a “buy” rating and a $21.00 price target for the company. Roth Mkm restated a “buy” rating and set a $30.00 price target on shares of SoundThinking in a research note on Wednesday, May 15th. William Blair cut SoundThinking from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. Craig Hallum decreased their target price on SoundThinking from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Finally, Cantor Fitzgerald dropped their target price on SoundThinking from $25.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

SoundThinking Company Profile

SoundThinking, Inc, a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes.