Desjardins Brokers Lower Earnings Estimates for TeraGo Inc. (TGO)

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TeraGo Inc. (TSE:TGO) – Equities researchers at Desjardins dropped their Q2 2019 EPS estimates for shares of TeraGo in a note issued to investors on Monday, May 13th. Desjardins analyst M. Yaghi now expects that the company will post earnings of ($0.08) per share for the quarter, down from their previous forecast of ($0.06). Desjardins also issued estimates for TeraGo’s Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.10) EPS, FY2019 earnings at ($0.34) EPS and FY2020 earnings at ($0.37) EPS.

TGO has been the topic of several other reports. TD Securities lifted their price objective on shares of TeraGo from C$10.50 to C$11.50 and gave the company a “hold” rating in a research report on Friday, May 10th. Canaccord Genuity reiterated a “buy” rating and issued a C$12.50 price objective on shares of TeraGo in a research report on Monday, March 18th.

TSE TGO opened at C$11.99 on Thursday. TeraGo has a one year low of C$5.35 and a one year high of C$12.43. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 141.26. The stock has a market capitalization of $186.69 million and a PE ratio of -39.57.

TeraGo (TSE:TGO) last posted its quarterly earnings results on Thursday, February 21st. The company reported C($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.08). The firm had revenue of C$12.87 million for the quarter, compared to analyst estimates of C$13.50 million.

TeraGo Company Profile

TeraGo Inc, together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud services for businesses primarily in Canada. The company owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services.

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