Spire Global (SPIR) to Release Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR) is scheduled to 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 that are interested in participating in the company’s conference call can do so using this link.

Spire Global (NYSE:SPIR) last released its 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 business had revenue of $27.73 million for the quarter, compared to the consensus estimate of $29.23 million. Spire Global had a negative net margin of 60.51% and a negative return on equity of 66.20%. 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

Spire Global stock opened at $10.88 on Wednesday. The firm’s 50 day simple moving average is $11.60 and its 200-day simple moving average is $8.52. The company 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 debt-to-equity ratio of 1.62, a current ratio of 1.67 and a quick ratio of 1.67. Spire Global has a fifty-two week low of $2.80 and a fifty-two week high of $19.40.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms recently commented on SPIR. Canaccord Genuity Group decreased their price target on shares of Spire Global from $25.00 to $24.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Alliance Global Partners began coverage on shares of Spire Global in a report on Thursday, April 18th. They set a “buy” rating and a $22.00 price target for the company.

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.