Published on 18 Nov 2022 on Simply Wall St. via Yahoo Finance

This Analyst Just Downgraded Their Vislink Technologies, Inc. (NASDAQ:VISL) EPS Forecasts

Today is shaping up negative for Vislink Technologies, Inc. (NASDAQ:VISL) shareholders, with the covering analyst delivering a substantial negative revision to next year's forecasts. Both revenue and earnings per share (EPS) estimates were cut sharply as the analyst factored in the latest outlook for the business, concluding that they were too optimistic previously.

Following the latest downgrade, the current consensus, from the one analyst covering Vislink Technologies, is for revenues of US$30m in 2023, which would reflect a measurable 5.9% reduction in Vislink Technologies' sales over the past 12 months. Losses are predicted to fall substantially, shrinking 60% to US$0.18. Yet before this consensus update, the analyst had been forecasting revenues of US$36m and losses of US$0.11 per share in 2023. So there's been quite a change-up of views after the recent consensus updates, with the analyst making a serious cut to their revenue forecasts while also expecting losses per share to increase.

Check out our latest analysis for Vislink Technologies