SurgePays, Inc. (SURG) Reports Q4 Loss, Tops Revenue Estimates

Core Insights - SurgePays, Inc. reported a quarterly loss of $0.93 per share, significantly worse than the Zacks Consensus Estimate of a loss of$0.27, marking an earnings surprise of -244.44% [1] - The company generated revenues of $9.6 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 20.11$32.32 million year-over-year [2] - SurgePays, Inc. shares have declined approximately 26.4% year-to-date, contrasting with the S&P 500's decline of -1.9% [3] Financial Performance - Over the last four quarters, SurgePays, Inc. has consistently failed to meet consensus EPS estimates [2] - The current consensus EPS estimate for the upcoming quarter is -$0.20 on revenues of$12.2 million, and for the current fiscal year, it is -$0.17 on revenues of$91.43 million [7] Market Outlook - The company's earnings outlook will be crucial for future stock performance, with management's commentary on the earnings call expected to influence investor sentiment [3][4] - The Zacks Rank for SurgePays, Inc. is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Internet - Software industry, to which SurgePays, Inc. belongs, is currently in the top 50% of Zacks-ranked industries, suggesting a favorable environment compared to the bottom 50% [8] - Another company in the same industry, Snap (SNAP), is expected to report quarterly earnings of $0.04 per share, reflecting a year-over-year increase of +33.3% [9]