Northland Securities Brokers Cut Earnings Estimates for GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) – Investment analysts at Northland Securities decreased their Q3 2026 earnings estimates for Gorilla Technology Group in a research note issued to investors on Friday, October 2nd. Northland Securities analyst M. Latimore now forecasts that the company will earn ($0.30) per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Gorilla Technology Group’s current full-year earnings is ($1.96) per share. Northland Securities also issued estimates for Gorilla Technology Group’s Q4 2026 earnings at $0.43 EPS, FY2026 earnings at ($1.65) EPS, Q1 2027 earnings at ($0.70) EPS, Q2 2027 earnings at ($0.46) EPS, Q3 2027 earnings at ($0.25) EPS, Q4 2027 earnings at ($0.10) EPS, FY2027 earnings at ($1.51) EPS, FY2028 earnings at ($2.00) EPS and FY2029 earnings at ($1.21) EPS.

A number of other equities research analysts have also recently weighed in on GRRR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Friday, July 17th. Benchmark upgraded shares of Gorilla Technology Group to a “strong-buy” rating in a research report on Tuesday, September 29th. Compass Point assumed coverage on shares of Gorilla Technology Group in a report on Tuesday, August 18th. They issued a “buy” rating and a $44.00 target price on the stock. B. Riley Financial initiated coverage on shares of Gorilla Technology Group in a research report on Monday, August 31st. They issued a “buy” rating for the company. Finally, Wall Street Zen cut shares of Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.25.

Gorilla Technology Group Stock Down 3.4%

Shares of NASDAQ GRRR opened at $11.76 on Tuesday. The business has a 50-day moving average price of $13.79 and a 200 day moving average price of $14.29. The stock has a market cap of $323.52 million, a PE ratio of -21.78 and a beta of 0.41. The company has a quick ratio of 2.91, a current ratio of 2.24 and a debt-to-equity ratio of 0.37. Gorilla Technology Group has a 52-week low of $9.04 and a 52-week high of $23.49.

Gorilla Technology Group (NASDAQ:GRRR) last posted its earnings results on Monday, August 24th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.43). The firm had revenue of $50.13 million during the quarter, compared to analyst estimates of $38.69 million.

Institutional Trading of Gorilla Technology Group

A number of hedge funds have recently added to or reduced their stakes in the stock. SEB Asset Management AB acquired a new position in shares of Gorilla Technology Group in the first quarter valued at approximately $161,000. DGS Capital Management LLC purchased a new position in Gorilla Technology Group in the 1st quarter valued at $170,000. Rathbones Group PLC grew its position in Gorilla Technology Group by 69.9% in the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock valued at $190,000 after buying an additional 7,425 shares during the last quarter. Cetera Investment Advisers increased its stake in Gorilla Technology Group by 8.1% in the 1st quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock valued at $330,000 after buying an additional 2,358 shares during the period. Finally, Themes Management Co LLC increased its stake in Gorilla Technology Group by 8.0% in the 1st quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock valued at $1,077,000 after buying an additional 7,531 shares during the period. 1.33% of the stock is owned by institutional investors and hedge funds.

Key Gorilla Technology Group News

Here are the key news stories impacting Gorilla Technology Group this week:

• Positive Sentiment: Northland Securities reiterated a Buy rating and a $40 price target, implying substantial upside from recent trading levels. However, the target has not been enough to offset concerns about the company’s earnings outlook. Gorilla Technology price-target article
• Positive Sentiment: Northland modestly raised its Q4 2026 EPS forecast to $0.43 from $0.40, suggesting the analyst still expects a potentially profitable quarter later in the year. Northland Q3 earnings forecast
• Neutral Sentiment: Northland’s updated estimates call for Q3 2026 EPS of negative $0.30, compared with an earlier forecast for a small profit. The revised outlook provides a key earnings expectation for investors ahead of the company’s results.
• Negative Sentiment: Northland cut EPS forecasts across nearly every longer-term period: FY2026 to negative $1.65, FY2027 to negative $1.51, FY2028 to negative $2.00 and FY2029 to negative $1.21. It also reduced estimates for Q1-Q3 2027, with Q1 2027 now expected at negative $0.70 per share.
• Negative Sentiment: The most significant revisions were the FY2027 forecast, reduced from negative $0.09 to negative $1.51, and the FY2029 forecast, cut from negative $0.05 to negative $1.21. These changes signal weaker expected profitability and help explain why the stock has decreased despite the $40 Buy-rated price target.

About Gorilla Technology Group

Gorilla Technology Group Inc (NASDAQ:GRRR) is a technology company that develops artificial intelligence, edge computing, and video analytics solutions for governments, enterprises, and other organizations. Its offerings are designed to help customers analyze video and other data in real time, automate operations, and improve security and decision-making.

The company’s technology supports smart-city and smart-country initiatives, including intelligent transportation, public safety, surveillance, and critical-infrastructure monitoring.