Sidoti Csr Predicts SurgePays’ Q1 Earnings (NASDAQ:SURG)

SurgePays, Inc. (NASDAQ:SURG) – Research analysts at Sidoti Csr dropped their Q1 2025 earnings per share (EPS) estimates for SurgePays in a research report issued on Wednesday, March 26th. Sidoti Csr analyst A. Soderstrom now expects that the medical equipment provider will post earnings per share of ($0.35) for the quarter, down from their prior forecast of ($0.19). The consensus estimate for SurgePays’ current full-year earnings is ($1.66) per share. Sidoti Csr also issued estimates for SurgePays’ Q2 2025 earnings at ($0.28) EPS, Q3 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.67) EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.21 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.83 EPS.

SurgePays (NASDAQ:SURG) last posted its quarterly earnings results on Tuesday, March 25th. The medical equipment provider reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.66). The company had revenue of $9.59 million during the quarter, compared to analysts’ expectations of $8.22 million. SurgePays had a negative return on equity of 55.63% and a negative net margin of 27.39%.

Separately, Ascendiant Capital Markets dropped their price objective on SurgePays from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Monday, December 16th.

SurgePays Stock Performance

Shares of NASDAQ:SURG opened at $2.18 on Friday. The firm’s 50 day simple moving average is $1.41 and its 200-day simple moving average is $1.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.70 and a current ratio of 6.24. SurgePays has a one year low of $1.05 and a one year high of $4.38. The firm has a market cap of $43.95 million, a PE ratio of -1.93 and a beta of 1.03.

Institutional Trading of SurgePays

Several institutional investors and hedge funds have recently made changes to their positions in SURG. Geode Capital Management LLC grew its holdings in SurgePays by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 148,018 shares of the medical equipment provider’s stock worth $272,000 after acquiring an additional 15,039 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of SurgePays by 20.1% during the fourth quarter. Truvestments Capital LLC now owns 102,002 shares of the medical equipment provider’s stock valued at $182,000 after purchasing an additional 17,056 shares in the last quarter. Virtu Financial LLC purchased a new position in SurgePays during the third quarter valued at approximately $25,000. Jane Street Group LLC bought a new position in SurgePays in the fourth quarter worth approximately $54,000. Finally, Northern Trust Corp raised its stake in SurgePays by 67.4% in the fourth quarter. Northern Trust Corp now owns 63,269 shares of the medical equipment provider’s stock worth $113,000 after buying an additional 25,467 shares in the last quarter. 6.94% of the stock is currently owned by institutional investors.

SurgePays Company Profile

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.