SurgePays, Inc. (SURG) Reports Q1 Loss, Tops Revenue Estimates

Group 1 - SurgePays, Inc. reported a quarterly loss of $0.38 per share, which was better than the Zacks Consensus Estimate of a loss of $0.40, compared to earnings of $0.07 per share a year ago, indicating an earnings surprise of 5% [1] - The company posted revenues of $10.58 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 9.78%, but down from $31.43 million in the same quarter last year [2] - SurgePays, Inc. shares have increased approximately 51.7% since the beginning of the year, contrasting with a decline of 0.6% in the S&P 500 [3] Group 2 - The earnings outlook for SurgePays, Inc. is mixed, with the current consensus EPS estimate for the coming quarter at -$0.29 on revenues of $19.59 million, and -$0.46 on revenues of $158.02 million for the current fiscal year [7] - The Zacks Industry Rank for Internet - Software is currently in the top 36% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]