Q4 EPS Estimates for iQSTEL Cut by Litchfield Hills Research

iQSTEL Inc. (NASDAQ:IQST) – Research analysts at Litchfield Hills Research cut their Q4 2027 earnings per share estimates for shares of iQSTEL in a research note issued on Tuesday, August 25th. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.03. The consensus estimate for iQSTEL’s current full-year earnings is ($0.69) per share.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of iQSTEL in a research report on Wednesday, June 24th. Zacks Research upgraded shares of iQSTEL from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of iQSTEL from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

iQSTEL Trading Down 0.9%

Shares of NASDAQ IQST opened at $0.94 on Wednesday. The business has a fifty day simple moving average of $1.12 and a 200 day simple moving average of $1.45. iQSTEL has a one year low of $0.87 and a one year high of $7.23. The firm has a market capitalization of $6.37 million and a price-to-earnings ratio of -0.42.

iQSTEL (NASDAQ:IQST) last posted its quarterly earnings data on Tuesday, August 18th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.15). iQSTEL had a negative return on equity of 45.19% and a negative net margin of 2.43%.The business had revenue of $109.07 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DRW Securities LLC grew its stake in shares of iQSTEL by 74.2% during the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after purchasing an additional 13,628 shares during the period. Cetera Investment Advisers bought a new position in iQSTEL during the second quarter worth about $148,000. Finally, Geode Capital Management LLC acquired a new position in shares of iQSTEL during the 2nd quarter worth about $288,000.

iQSTEL Company Profile

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.