Social Reality Inc Forecasted to Post FY2016 Earnings of ($0.76) Per Share (SRAX)
Social Reality Inc (NASDAQ:SRAX) – Research analysts at Roth Capital increased their FY2016 earnings estimates for shares of Social Reality in a report released on Tuesday. Roth Capital analyst D. Aftahi now anticipates that the brokerage will post earnings per share of ($0.76) for the year, up from their previous forecast of ($1.12). Roth Capital also issued estimates for Social Reality’s Q4 2016 earnings at ($0.24) EPS, Q1 2017 earnings at ($0.28) EPS, Q2 2017 earnings at $0.05 EPS, Q3 2017 earnings at $0.14 EPS and Q4 2017 earnings at $0.36 EPS.
Social Reality (NASDAQ:SRAX) last announced its earnings results on Monday, November 14th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.16.
Separately, Zacks Investment Research raised Social Reality from a “sell” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Wednesday, October 19th.
Shares of Social Reality (NASDAQ:SRAX) opened at 6.25 on Friday. The firm’s market capitalization is $37.47 million. Social Reality has a 52 week low of $5.05 and a 52 week high of $9.40. The stock’s 50 day moving average price is $6.43 and its 200 day moving average price is $6.90.
About Social Reality
Social Reality, Inc is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands.
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