Zacks Small Cap Analysts Reduce Earnings Estimates for Sacks Parente Golf, Inc. (NASDAQ:SPGC)

Sacks Parente Golf, Inc. (NASDAQ:SPGC) – Investment analysts at Zacks Small Cap cut their Q3 2024 earnings estimates for shares of Sacks Parente Golf in a research report issued on Tuesday, August 27th. Zacks Small Cap analyst T. Kerr now anticipates that the company will post earnings of ($0.66) per share for the quarter, down from their prior forecast of ($0.50). The consensus estimate for Sacks Parente Golf’s current full-year earnings is ($2.30) per share. Zacks Small Cap also issued estimates for Sacks Parente Golf’s Q4 2024 earnings at ($0.69) EPS, FY2024 earnings at ($2.96) EPS, FY2025 earnings at ($1.78) EPS and FY2026 earnings at $0.02 EPS.

Sacks Parente Golf Stock Down 1.4 %

SPGC stock opened at $2.87 on Thursday. The stock’s 50 day moving average is $4.39 and its two-hundred day moving average is $5.13. Sacks Parente Golf has a 52-week low of $2.67 and a 52-week high of $29.40. The company has a market capitalization of $4.19 million and a PE ratio of -7.76.

Sacks Parente Golf (NASDAQ:SPGC) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.19). The business had revenue of $0.81 million during the quarter, compared to analyst estimates of $0.71 million. Sacks Parente Golf had a negative return on equity of 99.40% and a negative net margin of 391.56%.

Sacks Parente Golf Company Profile

Sacks Parente Golf, Inc, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe.