Does Earnings Surprise History Hold Any Clue for Soliton (NASDAQ:SOLY)

Earnings results for Soliton (NASDAQ:SOLY)

Soliton, Inc. is expected* to report earnings on 11/12/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.16.

Soliton last released its earnings data on August 11th, 2020. The reported ($0.19) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.19). Soliton has generated ($1.00) earnings per share over the last year. Soliton has confirmed that its next quarterly earnings report will be published on Thursday, November 12th, 2020.

Analyst Opinion on Soliton (NASDAQ:SOLY)

3 Wall Street analysts have issued ratings and price targets for Soliton in the last 12 months. Their average twelve-month price target is $16.67, predicting that the stock has a possible upside of 87.48%. The high price target for SOLY is $22.00 and the low price target for SOLY is $12.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Soliton has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $16.67, Soliton has a forecasted upside of 87.5% from its current price of $8.89. Soliton has received no research coverage in the past 90 days.

Dividend Strength: Soliton (NASDAQ:SOLY)

Soliton does not currently pay a dividend. Soliton does not have a long track record of dividend growth.

Insiders buying/selling: Soliton (NASDAQ:SOLY)

In the past three months, Soliton insiders have not sold or bought any company stock. Only 11.30% of the stock of Soliton is held by insiders. Only 19.37% of the stock of Soliton is held by institutions.

Earnings and Valuation of Soliton (NASDAQ:SOLY

Earnings for Soliton are expected to decrease in the coming year, from ($0.75) to ($0.92) per share. The P/E ratio of Soliton is -8.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Soliton is -8.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Soliton has a P/B Ratio of 14.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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