Litchfield Hills Research Comments on iQSTEL Q3 Earnings

iQSTEL Inc. (NASDAQ:IQST) – Equities research analysts at Litchfield Hills Research issued their Q3 2027 earnings per share estimates for iQSTEL in a report issued on Tuesday, June 9th. Litchfield Hills Research analyst B. Sine anticipates that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for iQSTEL’s current full-year earnings is ($0.38) per share.

IQST has been the subject of several other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of iQSTEL in a research note on Friday, March 27th. Wall Street Zen upgraded shares of iQSTEL to a “hold” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

iQSTEL Trading Up 9.9%

Shares of NASDAQ IQST opened at $1.11 on Wednesday. iQSTEL has a twelve month low of $0.93 and a twelve month high of $11.80. The stock has a 50 day moving average of $1.43 and a two-hundred day moving average of $2.30. The stock has a market cap of $7.48 million and a P/E ratio of -0.41.

iQSTEL (NASDAQ:IQST) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). iQSTEL had a negative net margin of 2.62% and a negative return on equity of 45.89%. The firm had revenue of $97.92 million during the quarter.

Institutional Trading of iQSTEL

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in iQSTEL in the second quarter worth $288,000. Cetera Investment Advisers purchased a new position in iQSTEL in the second quarter worth $148,000. Finally, DRW Securities LLC raised its position in iQSTEL by 74.2% in the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after acquiring an additional 13,628 shares in the last quarter.

iQSTEL Company Profile

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.