What is Roth Capital's Forecast for PSQ FY2024 Earnings?

PSQ Holdings, Inc. (NYSE:PSQH - Free Report) - Equities research analysts at Roth Capital raised their FY2024 earnings per share estimates for PSQ in a research report issued on Wednesday, December 11th. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($1.54) per share for the year, up from their prior forecast of ($1.59). The consensus estimate for PSQ's current full-year earnings is ($1.59) per share. Roth Capital also issued estimates for PSQ's Q4 2024 earnings at ($0.34) EPS, Q1 2025 earnings at ($0.25) EPS, Q2 2025 earnings at ($0.25) EPS, Q3 2025 earnings at ($0.25) EPS, Q4 2025 earnings at ($0.24) EPS and FY2025 earnings at ($0.98) EPS.

PSQ (NYSE:PSQH - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The company had revenue of $6.54 million during the quarter, compared to the consensus estimate of $6.52 million. During the same period last year, the business earned ($0.49) EPS.

Separately, Roth Mkm lowered their price objective on shares of PSQ from $5.00 to $3.50 and set a "buy" rating for the company in a research report on Thursday, November 14th.

PSQ Price Performance

PSQH traded down $0.07 during trading on Monday, hitting $4.22. 2,956,103 shares of the company traded hands, compared to its average volume of 1,104,696. The company has a market cap of $146.69 million, a PE ratio of -3.34 and a beta of 0.17. PSQ has a 1 year low of $2.00 and a 1 year high of $7.77. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. The stock's 50-day simple moving average is $2.95 and its two-hundred day simple moving average is $2.98.

Insiders Place Their Bets

In related news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the completion of the acquisition, the director now directly owns 1,203,704 shares in the company, valued at approximately $3,250,000.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders bought 1,209,235 shares of company stock worth $3,273,465. 32.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC lifted its position in PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 28.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,185 shares of the company's stock after buying an additional 44,282 shares during the period. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 as of its most recent SEC filing. Institutional investors own 17.32% of the company's stock.

PSQ Company Profile

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.