PowerBank Corp reports results for the quarter ended June 30 — Earnings Summary

PowerBank Corp reported a quarterly adjusted loss of 26 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of three analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents tozero cents per share. Revenue fell 69.1% to C$5.19 million from a year ago; analysts expected C$14.30 million. PowerBank Corp's reported EPS for the quarter was a loss of 26 cents​. The company reported a quarterly loss of C$12.08 million. PowerBank Corp shares had fallen by 62.3% this quarter and lost 85.6% so far this year. Forecast Changes The mean earnings estimate of analysts had fallen by about 109.8% in the last three months.​ In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. Recommendations The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is also "buy" This summary was machine generated.