Support.com Inc (SPRT) Issues Q4 Earnings Guidance
Support.com Inc (NASDAQ:SPRT) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.08-0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $24.5-25 million, compared to the consensus revenue estimate of $25.05 million.Support.com also updated its Q1 guidance to ($0.04) – $0.00 EPS.
Support.com Inc (NASDAQ:SPRT) traded down 7.96% on Tuesday, hitting $3.47. The stock had a trading volume of 861,380 shares. Support.com Inc has a one year low of $3.25 and a one year high of $6.28. The stock has a 50-day moving average of $3.7 and a 200-day moving average of $4.90. The company has a market cap of $183.1 million and a P/E ratio of 21.92.
Support.com (NASDAQ:SPRT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.05. The company had revenue of $23.70 million for the quarter, compared to the consensus estimate of $21.51 million. During the same quarter last year, the company posted $0.04 earnings per share. Support.com’s revenue was up 30.2% compared to the same quarter last year. Analysts expect that Support.com Inc will post $0.28 EPS for the current fiscal year.
A number of research firms have recently commented on SPRT. Analysts at Zacks upgraded shares of Support.com from a neutral rating to an outperform rating in a research note to investors on Tuesday, November 5th. They now have a $4.90 price target on the stock. On a related note, analysts at Northland Capital Partners cut their price target on shares of Support.com from $6.50 to $6.00 in a research note to investors on Friday, November 1st. They now have an outperform rating on the stock. Finally, analysts at Nomura reiterated a neutral rating on shares of Support.com in a research note to investors on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and an average price target of $5.73.
Support.com, Inc (NASDAQ:SPRT) provides cloud-based services and software that power technology support programs and technical support organizations.
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