Analysts Issue Forecasts for Sidus Space, Inc.’s Q2 2023 Earnings (NASDAQ:SIDU)

Sidus Space, Inc. (NASDAQ:SIDU – Get Rating) – Investment analysts at Taglich Brothers upped their Q2 2023 earnings per share (EPS) estimates for shares of Sidus Space in a report released on Tuesday, May 23rd. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings of ($0.06) per share for the quarter, up from their prior forecast of ($0.08). Taglich Brothers has a “Speculative Buy” rating on the stock. The consensus estimate for Sidus Space’s current full-year earnings is ($0.29) per share. Taglich Brothers also issued estimates for Sidus Space’s Q3 2023 earnings at ($0.05) EPS, FY2023 earnings at ($0.27) EPS, Q1 2024 earnings at ($0.05) EPS, Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at ($0.03) EPS and FY2024 earnings at ($0.13) EPS.

Sidus Space (NASDAQ:SIDU – Get Rating) last issued its earnings results on Thursday, March 16th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Sidus Space had a negative return on equity of 214.31% and a negative net margin of 179.84%. The business had revenue of $2.33 million for the quarter, compared to the consensus estimate of $1.25 million.

Sidus Space Trading Down 9.1 %

NASDAQ SIDU opened at $0.21 on Friday. Sidus Space has a 52-week low of $0.21 and a 52-week high of $9.22. The firm’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.87.

Insiders Place Their Bets

In related news, CEO Carol Marlene Craig purchased 500,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $0.23 per share, for a total transaction of $115,000.00. Following the acquisition, the chief executive officer now owns 500,000 shares of the company’s stock, valued at approximately $115,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Sidus Space by 17.6% in the third quarter. Vanguard Group Inc. now owns 175,243 shares of the company’s stock valued at $370,000 after acquiring an additional 26,187 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Sidus Space in the 3rd quarter worth $203,000. BlackRock Inc. acquired a new stake in shares of Sidus Space in the 3rd quarter worth $114,000. Jane Street Group LLC grew its stake in Sidus Space by 113.9% during the 2nd quarter. Jane Street Group LLC now owns 30,809 shares of the company’s stock worth $102,000 after buying an additional 16,406 shares during the last quarter. Finally, State Street Corp increased its position in Sidus Space by 168.9% during the 3rd quarter. State Street Corp now owns 32,235 shares of the company’s stock valued at $68,000 after buying an additional 20,249 shares in the last quarter. Hedge funds and other institutional investors own 3.21% of the company’s stock.

Sidus Space Company Profile

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Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its services include satellite manufacturing; precision manufacturing, assembly, and test; low earth orbit microsatellite; payload integrations; launch and support services; space-based data services and analytics; precision computer numerical control machining and fabrication; Swiss screw machining; wire cable harness fabrication; 3D composite and metal printing; and satellite deployment and microgravity testing and research services, as well as services related to electrical and electronic assemblies.