Spire (OTCMKTS:SPIR) Updates FY 2021 Earnings Guidance

Spire (OTCMKTS:SPIR) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $-0.990-$-0.920 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.500. The company issued revenue guidance of $40 million-$42 million, compared to the consensus revenue estimate of $39.97 million.Spire also updated its Q4 2021 guidance to $-0.140-$-0.110 EPS.

Shares of SPIR stock traded up $0.08 during mid-day trading on Thursday, reaching $4.73. 985,923 shares of the stock traded hands, compared to its average volume of 795,473. The stock’s fifty day simple moving average is $7.56 and its two-hundred day simple moving average is $4.15. Spire has a 1-year low of $4.46 and a 1-year high of $19.50.

Spire (OTCMKTS:SPIR) last posted its earnings results on Wednesday, November 10th. The technology company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.18). The business had revenue of $9.56 million for the quarter, compared to analysts’ expectations of $9.50 million.

A number of analysts recently weighed in on the company. Robert W. Baird upgraded Spire from a neutral rating to an outperform rating and set a $10.00 price objective for the company in a report on Thursday, November 11th. Piper Sandler started coverage on Spire in a research report on Thursday, October 14th. They set a neutral rating and a $6.50 price objective for the company.

An institutional investor recently bought a new position in Spire stock. Morgan Stanley bought a new position in Spire Co. (OTCMKTS:SPIR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,032 shares of the technology company’s stock, valued at approximately $100,000. 88.76% of the stock is owned by institutional investors.

About Spire

Spire Corporation is engaged in developing, manufacturing, and marketing engineered products and services in the areas of photovoltaic solar and biomedical. The company offers specialized equipment for the production of terrestrial photovoltaic modules from solar cells; and photovoltaic systems for grid connected application in the commercial markets.

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