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 estimates for shares of PSQ in a note issued to investors on Wednesday, November 13th. Roth Capital analyst D. Aftahi now expects that the company will post earnings of ($1.59) per share for the year, up from their previous forecast of ($1.62). 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 ($0.38) EPS, Q1 2025 earnings at ($0.30) EPS, Q2 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.30) EPS, Q4 2025 earnings at ($0.28) EPS and FY2025 earnings at ($1.17) EPS.

Separately, Roth Mkm cut their price target on shares of PSQ from $5.00 to $3.50 and set a "buy" rating on the stock in a research note on Thursday.

PSQ Stock Down 10.3 %

PSQH traded down $0.24 during trading on Monday, reaching $2.08. The company had a trading volume of 428,032 shares, compared to its average volume of 134,733. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. PSQ has a 12 month low of $2.01 and a 12 month high of $6.82. The business's fifty day moving average price is $2.66 and its 200 day moving average price is $3.06. The company has a market cap of $65.30 million, a P/E ratio of -1.63 and a beta of 0.34.

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

Insider Buying and Selling at PSQ

In other PSQ news, Director Kelly Lynn Loeffler bought 1,203,704 shares of PSQ stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the completion of the transaction, the director now owns 1,203,704 shares in the company, valued at $3,250,000.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 32.11% of the company's stock.

Institutional Investors Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC increased its position in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,185 shares of the company's stock after purchasing an additional 44,282 shares during the quarter. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

About PSQ

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.