mCloud Technologies Corp expected to post a loss of 75 cents a share - Earnings Preview

Published on November 11, 2022 12:31 PM EST

mCloud Technologies Corp expected to post a loss of 75 cents a share - Earnings Preview — Image source: ©2022 Kalkine Media®

* mCloud Technologies Corp is expected to show a rise in quarterly revenue when it reports results on November 15.

* The Calgary Alberta-based company is expected to report a 29.7% increase in revenue to C$9.513 million from C$7.34 million a year ago, according to the mean estimate from 3 analysts, based on Refinitiv data.

* Refinitiv's mean analyst estimate for mCloud Technologies Corp is for a loss of 75 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for mCloud Technologies Corp is C$4, above its last closing price of $0.91. This summary was machine generated November 11 at 17:31 GMT. All figures in Canadian dollars unless otherwise stated.

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