Q3 Earnings Forecast for GRRR Issued By Northland Securities

Gorilla Technology Group Inc. (NASDAQ:GRRR) – Investment analysts at Northland Securities decreased their Q3 2026 earnings per share estimates for shares of Gorilla Technology Group in a research note issued to investors on Friday, October 2nd. Northland Securities analyst M. Latimore now expects that the company will earn ($0.30) per share for the quarter, down from their prior estimate of $0.04. The consensus estimate for Gorilla Technology Group’s current full-year earnings is ($1.96) per share. Northland Securities also issued estimates for Gorilla Technology Group’s Q4 2026 earnings at $0.43 EPS, FY2026 earnings at ($1.65) EPS, Q1 2027 earnings at ($0.70) EPS, Q2 2027 earnings at ($0.46) EPS, Q3 2027 earnings at ($0.25) EPS, Q4 2027 earnings at ($0.10) EPS, FY2027 earnings at ($1.51) EPS, FY2028 earnings at ($2.00) EPS and FY2029 earnings at ($1.21) EPS.

Gorilla Technology Group (NASDAQ:GRRR) last issued its quarterly earnings data on Monday, August 24th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.43). The company had revenue of $50.13 million during the quarter, compared to analyst estimates of $38.69 million.

Several other analysts have also recently weighed in on the company. Wall Street Zen downgraded Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 30th. Benchmark upgraded shares of Gorilla Technology Group to a “strong-buy” rating in a research report on Tuesday, September 29th. Compass Point began coverage on shares of Gorilla Technology Group in a report on Tuesday, August 18th. They set a “buy” rating and a $44.00 target price on the stock. B. Riley Financial assumed coverage on shares of Gorilla Technology Group in a research report on Monday, August 31st. They issued a “buy” rating for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.25.

Gorilla Technology Group Price Performance

Gorilla Technology Group stock opened at $12.18 on Tuesday. The stock has a 50-day moving average price of $13.76 and a two-hundred day moving average price of $14.28. Gorilla Technology Group has a 12 month low of $9.04 and a 12 month high of $23.49. The company has a market capitalization of $335.07 million, a PE ratio of -22.56 and a beta of 0.41. The company has a current ratio of 2.24, a quick ratio of 2.91 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Gorilla Technology Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rathbones Group PLC boosted its stake in Gorilla Technology Group by 69.9% during the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock valued at $190,000 after purchasing an additional 7,425 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Gorilla Technology Group by 58.1% in the first quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock worth $2,909,000 after purchasing an additional 101,551 shares during the last quarter. Themes Management Co LLC raised its stake in shares of Gorilla Technology Group by 8.0% in the first quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock worth $1,077,000 after purchasing an additional 7,531 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Gorilla Technology Group by 8.1% in the first quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock valued at $330,000 after purchasing an additional 2,358 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in shares of Gorilla Technology Group during the first quarter valued at approximately $161,000. Institutional investors own 1.33% of the company’s stock.

More Gorilla Technology Group News

Here are the key news stories impacting Gorilla Technology Group this week:

• Positive Sentiment: Northland Securities reiterated a Buy rating and a $40 price target, implying substantial upside from recent trading levels. However, the recommendation has not been enough to reverse the stock’s decline. Gorilla Technology Drops 5% As Northland’s $40 Buy Rating Fails To Arrest Slide
• Positive Sentiment: Northland modestly raised its Q4 2026 EPS forecast to $0.43 from $0.40, suggesting the analyst still expects a profitable quarter later in 2026.
• Neutral Sentiment: Northland issued a Q3 earnings forecast of a $0.30 per-share loss, compared with its earlier expectation of $0.04 per share in profit. The estimate provides investors with a new benchmark ahead of the company’s results.
• Negative Sentiment: The analyst sharply reduced estimates for Q1–Q3 2027 and full-year 2026–2029 results. Forecast losses now include $1.65 per share for FY2026, $1.51 for FY2027, $2.00 for FY2028 and $1.21 for FY2029, indicating weaker expected profitability over an extended period. Q3 Earnings Forecast for GRRR Issued By Northland Securities
• Negative Sentiment: The revisions follow concerns about near-term earnings performance: Gorilla previously reported a quarterly loss of $0.40 per share, missing the $0.03 consensus estimate, although revenue exceeded expectations. The combination of recurring projected losses and multiple estimate cuts is weighing on investor sentiment.

About Gorilla Technology Group

Gorilla Technology Group Inc (NASDAQ:GRRR) is a technology company that develops artificial intelligence, edge computing, and video analytics solutions for governments, enterprises, and other organizations. Its offerings are designed to help customers analyze video and other data in real time, automate operations, and improve security and decision-making.

The company’s technology supports smart-city and smart-country initiatives, including intelligent transportation, public safety, surveillance, and critical-infrastructure monitoring.