Ispire Technology (ISPR) to Release Quarterly Earnings on Monday

Ispire Technology (NASDAQ:ISPR) is expected to issue its quarterly earnings data before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $38.65 million for the quarter.

Ispire Technology (NASDAQ:ISPR) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). Ispire Technology had a negative return on equity of 58.50% and a negative net margin of 12.80%. The business had revenue of $39.34 million during the quarter, compared to the consensus estimate of $45.60 million. During the same period in the previous year, the company posted ($0.04) earnings per share. On average, analysts expect Ispire Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ispire Technology Trading Down 0.4 %

Shares of NASDAQ:ISPR opened at $4.71 on Friday. Ispire Technology has a 52 week low of $4.33 and a 52 week high of $12.14. The company’s 50 day moving average is $5.19 and its two-hundred day moving average is $6.21. The company has a market cap of $266.82 million, a PE ratio of -13.85 and a beta of 2.90.

Ispire Technology announced that its board has authorized a stock repurchase program on Wednesday, January 22nd that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to reacquire up to 4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Separately, Roth Capital upgraded Ispire Technology to a “strong-buy” rating in a research report on Friday, November 8th.

About Ispire Technology

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.