Northern Technologies International Corp reports results for the quarter ended May 31 - Earnings Summary

• Northern Technologies International Corp NTIC reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 11 cents. The lone analyst forecast for the quarter was for earnings of 4 cents per share.

• Revenue rose 4% to $21.51 million from a year ago; analysts expected $20.70 million.

• Northern Technologies International Corp's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $122 thousand.

• Northern Technologies International Corp shares had risen by 9.7% this quarter and lost 39.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 77.8% 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 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Northern Technologies International Corp is $13.00, about 37.5% above its last closing price of $8.13

This summary was machine generated from LSEG data July 10 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)