Litchfield Hills Research Expects Weaker Earnings for iQSTEL

iQSTEL Inc. (NASDAQ:IQSTFree Report) – Investment analysts at Litchfield Hills Research dropped their Q4 2027 earnings per share estimates for iQSTEL in a report released on Tuesday, August 25th. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.03. The consensus estimate for iQSTEL’s current full-year earnings is ($0.69) per share.

iQSTEL (NASDAQ:IQSTGet Free Report) last released its earnings results on Tuesday, August 18th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.15). iQSTEL had a negative return on equity of 45.19% and a negative net margin of 2.43%.The firm had revenue of $109.07 million during the quarter.

A number of other equities research analysts also recently weighed in on IQST. Weiss Ratings reissued a “sell (e+)” rating on shares of iQSTEL in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of iQSTEL from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research raised shares of iQSTEL from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

Check Out Our Latest Stock Report on iQSTEL

iQSTEL Stock Performance

IQST opened at $0.94 on Wednesday. The stock’s fifty day moving average is $1.12 and its 200-day moving average is $1.45. The company has a market capitalization of $6.37 million and a PE ratio of -0.42. iQSTEL has a one year low of $0.87 and a one year high of $7.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IQST. DRW Securities LLC lifted its position in shares of iQSTEL by 74.2% in the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after acquiring an additional 13,628 shares in the last quarter. Geode Capital Management LLC purchased a new stake in iQSTEL in the 2nd quarter worth about $288,000. Finally, Cetera Investment Advisers acquired a new stake in iQSTEL during the 2nd quarter worth about $148,000.

About iQSTEL

(Get Free Report)

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.

Further Reading

Earnings History and Estimates for iQSTEL (NASDAQ:IQST)

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