Spire (OTCMKTS:SPIR) Updates Q4 2021 Earnings Guidance

Spire (OTCMKTS:SPIR) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-0.140-$-0.110 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.100. The company issued revenue guidance of $11.60 million-$13.60 million, compared to the consensus revenue estimate of $13.53 million.Spire also updated its FY 2021 guidance to $-0.990-$-0.920 EPS.

Spire stock traded up $0.08 during trading hours on Thursday, reaching $4.73. The stock had a trading volume of 985,923 shares, compared to its average volume of 795,473. The business’s 50 day moving average price is $7.56 and its 200-day moving average price is $4.15. Spire has a 52 week low of $4.46 and a 52 week high of $19.50.

Spire (OTCMKTS:SPIR) last posted its quarterly earnings data on Wednesday, November 10th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.18). The firm had revenue of $9.56 million for the quarter, compared to analysts’ expectations of $9.50 million.

Several equities analysts have recently issued reports on the stock. Piper Sandler assumed coverage on shares of Spire in a report on Thursday, October 14th. They set a neutral rating and a $6.50 price objective on the stock. Robert W. Baird upgraded shares of Spire from a neutral rating to an outperform rating and set a $10.00 price objective on the stock in a report on Thursday, November 11th.

A hedge fund recently bought a new stake in Spire stock. Morgan Stanley bought a new stake in Spire Co. (OTCMKTS:SPIR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,032 shares of the technology company’s stock, valued at approximately $100,000. 88.76% of the stock is currently owned by institutional investors.

About Spire

Spire Corporation is engaged in developing, manufacturing, and marketing engineered products and services in the areas of photovoltaic solar and biomedical. The company offers specialized equipment for the production of terrestrial photovoltaic modules from solar cells; and photovoltaic systems for grid connected application in the commercial markets.

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