Research Analysts Set Expectations for SurgePays Q1 Earnings

SurgePays, Inc. (NASDAQ:SURG) – Stock analysts at Sidoti Csr dropped their Q1 2025 earnings estimates for SurgePays in a note issued to investors on Wednesday, March 26th. Sidoti Csr analyst A. Soderstrom now expects that the medical equipment provider will post earnings of ($0.35) per share 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.

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

SurgePays Stock Performance

NASDAQ:SURG opened at $1.79 on Friday. The company has a market capitalization of $36.09 million, a P/E ratio of -1.58 and a beta of 1.03. The business has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $1.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.24 and a quick ratio of 4.70. SurgePays has a 1 year low of $1.05 and a 1 year high of $4.38.

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 analysts’ consensus estimates of ($0.27) by ($0.66). SurgePays had a negative return on equity of 55.63% and a negative net margin of 27.39%. The company had revenue of $9.59 million during the quarter, compared to the consensus estimate of $8.22 million.

Institutional Trading of SurgePays

Several hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in SurgePays in the 3rd quarter valued at approximately $25,000. XTX Topco Ltd purchased a new stake in shares of SurgePays during the fourth quarter worth $53,000. Jane Street Group LLC bought a new position in shares of SurgePays in the fourth quarter worth $54,000. Renaissance Technologies LLC grew its position in shares of SurgePays by 43.6% in the fourth quarter. Renaissance Technologies LLC now owns 49,400 shares of the medical equipment provider’s stock valued at $88,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of SurgePays by 67.4% in the fourth quarter. Northern Trust Corp now owns 63,269 shares of the medical equipment provider’s stock valued at $113,000 after purchasing an additional 25,467 shares in the last quarter. Institutional investors own 6.94% of the company’s stock.

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.