$18.93 Million in Sales Expected for Spire Global, Inc. (NYSE:SPIR) This Quarter

Equities analysts predict that Spire Global, Inc. (NYSE:SPIR – Get Rating) will report sales of $18.93 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Spire Global’s earnings, with the lowest sales estimate coming in at $18.74 million and the highest estimate coming in at $19.15 million. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Spire Global will report full year sales of $87.54 million for the current fiscal year, with estimates ranging from $86.80 million to $88.44 million. For the next financial year, analysts anticipate that the firm will report sales of $127.79 million, with estimates ranging from $123.49 million to $133.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Spire Global.

Spire Global (NYSE:SPIR – Get Rating) last issued its earnings results on Wednesday, March 9th. The company reported 0.38 earnings per share for the quarter, topping analysts’ consensus estimates of -0.16 by 0.54. The firm had revenue of 14.99 million for the quarter, compared to analyst estimates of 15.30 million.

SPIR has been the subject of a number of analyst reports. Piper Sandler lowered their price target on Spire Global from $6.50 to $4.30 and set a “neutral” rating for the company in a research report on Tuesday, February 1st. Bank of America lowered Spire Global from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $5.05 to $1.75 in a report on Wednesday, January 19th.

Spire Global stock opened at 1.32 on Tuesday. The firm’s fifty day moving average price is 1.84 and its two-hundred day moving average price is 2.95. Spire Global has a 1-year low of 1.25 and a 1-year high of 19.50.

Spire Global Company Profile (Get Rating)

Spire Global, Inc provides space-based data, analytics, and space services worldwide. It offers its customers with access to datasets and insights about earth from the ultimate vantage point. The company provides current and historical data, insights, and predictive analytics for accurate ship monitoring, real-time vessel updates, port operations, and ship safety and route optimization; global satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; and space-based data, artificial intelligence-powered insights, and predictive weather analytics, as well as space-as-a-service solutions.

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