$0.04 EPS Expected for Shotspotter Inc (SSTI) This Quarter

Brokerages forecast that Shotspotter Inc (NASDAQ:SSTI) will report earnings of $0.04 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Shotspotter’s earnings. The highest EPS estimate is $0.12 and the lowest is ($0.02). Shotspotter posted earnings per share of ($0.03) in the same quarter last year, which suggests a positive year over year growth rate of 233.3%. The business is expected to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Shotspotter will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.41. For the next year, analysts anticipate that the firm will post earnings of $0.53 per share, with EPS estimates ranging from $0.39 to $0.73. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Shotspotter.

Shotspotter (NASDAQ:SSTI) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). Shotspotter had a negative net margin of 4.99% and a negative return on equity of 11.37%. The business had revenue of $9.59 million for the quarter, compared to analysts’ expectations of $9.77 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. Shotspotter’s revenue was up 38.8% compared to the same quarter last year.



Several analysts have recently commented on SSTI shares. B. Riley increased their price target on shares of Shotspotter to $59.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. BidaskClub cut shares of Shotspotter from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. National Securities cut shares of Shotspotter from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 6th. Robert W. Baird increased their price target on shares of Shotspotter from $41.00 to $58.00 and gave the company a “positive” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research lowered shares of Shotspotter from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $52.89.

Shares of SSTI traded up $0.77 during mid-day trading on Tuesday, hitting $44.35. 257,707 shares of the company traded hands, compared to its average volume of 142,776. Shotspotter has a one year low of $26.55 and a one year high of $66.14. The stock has a market capitalization of $502.09 million, a P/E ratio of -170.58, a price-to-earnings-growth ratio of 11.19 and a beta of 3.01.

In other Shotspotter news, CFO Alan R. Stewart sold 14,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $44.99, for a total value of $629,860.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Pascal Levensohn sold 10,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $44.99, for a total transaction of $449,900.00. The disclosure for this sale can be found here. Insiders sold 123,922 shares of company stock worth $5,579,359 over the last 90 days. 36.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of Shotspotter during the first quarter worth $31,000. Riverhead Capital Management LLC acquired a new position in shares of Shotspotter in the 1st quarter valued at approximately $58,000. BNP Paribas Arbitrage SA acquired a new position in shares of Shotspotter in the 1st quarter valued at approximately $59,000. Neuburgh Advisers LLC raised its position in shares of Shotspotter by 537.5% in the 1st quarter. Neuburgh Advisers LLC now owns 1,632 shares of the company’s stock valued at $63,000 after buying an additional 1,376 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Shotspotter by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,544 shares of the company’s stock valued at $79,000 after buying an additional 1,987 shares in the last quarter. Institutional investors own 55.91% of the company’s stock.

About Shotspotter

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.

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Earnings History and Estimates for Shotspotter (NASDAQ:SSTI)

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