Spire Global (SPIR) to Release Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR) will be announcing its earnings results after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of ($0.33) per share for the quarter. Spire Global has set its FY 2024 guidance at -0.240-0.110 EPS and its Q1 2024 guidance at -0.360–0.270 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Spire Global (NYSE:SPIR) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.25. The company had revenue of $27.73 million for the quarter, compared to analysts’ expectations of $29.23 million. Spire Global had a negative return on equity of 66.20% and a negative net margin of 60.51%. On average, analysts expect Spire Global to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Spire Global Stock Performance

NYSE:SPIR opened at $10.88 on Wednesday. The stock’s 50-day moving average is $11.60 and its 200-day moving average is $8.52. Spire Global has a 1-year low of $2.80 and a 1-year high of $19.40. The stock has a market cap of $264.60 million, a P/E ratio of -3.32 and a beta of 2.04. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.62.

Insider Transactions at Spire Global

In other news, COO Theresa Condor sold 5,870 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $11.39, for a total transaction of $66,859.30. Following the transaction, the chief operating officer now directly owns 235,141 shares of the company’s stock, valued at $2,678,255.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Peter Platzer sold 12,534 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $11.39, for a total transaction of $142,762.26. Following the completion of the sale, the chief executive officer now directly owns 1,462,238 shares of the company’s stock, valued at approximately $16,654,890.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Theresa Condor sold 5,870 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $11.39, for a total value of $66,859.30. Following the sale, the chief operating officer now directly owns 235,141 shares of the company’s stock, valued at $2,678,255.99. The disclosure for this sale can be found here. 17.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPIR has been the topic of several analyst reports. Canaccord Genuity Group reduced their target price on Spire Global from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Alliance Global Partners initiated coverage on Spire Global in a report on Thursday, April 18th. They issued a “buy” rating and a $22.00 target price on the stock.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.