Airgain Inc expected to post a loss of 6 cents a share - Earnings Preview

Airgain

10/05/2023 03:02

* Airgain Inc  AIRG.OQ   AIRG.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 11. 
    * The San Diego California-based  company is expected to
report  a
6.2% decrease in revenue to $16.44 million from $17.52 million a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. The company's guidance on March 9 2023, for
the period ended March 31, was for revenue between $15.70
million and $17.30 million.
    * ​Refinitiv's mean analyst estimate for Airgain Inc is for
a loss
of 6 cents per share. The company's EPS guidance on March 9
2023, for the period ended March 31, was about USD-0.06
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Airgain Inc
is
$10.5​, above​ its last closing price of $5.78. ​​​

The company's guidance on March 9 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD-400 thousand.The company's guidance
on March 9 2023 for the period ended March 31 was for gross
profit margin between USD37.5% and USD40.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.06        0.06       -0.11     Missed  -271.9
 Sep. 30 2022  0.00        0.00       0.06      Beat    2,900
 Jun. 30 2022  0.01        0.01       0.03      Beat    150​
 Mar. 31 2022  -0.11       -0.11      -0.04     Beat    64.3
 ​​Dec.        -0.22       -0.22      -0.23     Missed  -4.5
 31 2021                                                
 Sep. 30 2021  -0.05       -0.05      -0.11     Missed  -118.3
                                                        ​
 Jun. 30 2021  0.04        0.04       0.06      Beat    42.9
 Mar. 31 2021  0.03        0.03       0.03      Met     13.6
 This summary was machine generated May 10 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated