HC Wainwright Weighs in on Versus Systems Inc.’s Q2 2024 Earnings (NASDAQ:VS)

Versus Systems Inc. (NASDAQ:VS) – Stock analysts at HC Wainwright reduced their Q2 2024 earnings estimates for Versus Systems in a research report issued on Thursday, May 23rd. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of ($0.50) for the quarter, down from their previous forecast of ($0.46). HC Wainwright has a “Neutral” rating and a $1.50 price objective on the stock. The consensus estimate for Versus Systems’ current full-year earnings is ($2.27) per share. HC Wainwright also issued estimates for Versus Systems’ Q3 2024 earnings at ($0.54) EPS, Q4 2024 earnings at $0.56 EPS and FY2024 earnings at ($2.27) EPS.

Versus Systems (NASDAQ:VS) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.04). Versus Systems had a negative net margin of 7,480.35% and a negative return on equity of 204.20%. The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.01 million.

Versus Systems Trading Down 3.2 %

Shares of NASDAQ VS opened at $1.32 on Monday. The firm’s 50 day moving average price is $1.61 and its 200-day moving average price is $2.18. Versus Systems has a 52-week low of $1.23 and a 52-week high of $20.80.

Versus Systems Company Profile

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.