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

Airgain

02/08/2024 22:10

* Airgain Inc  AIRG.OQ   AIRG.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 6 for the
period ending January 1 0001
    * The San Diego California-based  company is expected to
report a
5.2% decrease in revenue to $15 million from $15.83 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $14.25 million and
$15.75 million.
    * ​LSEG's mean analyst estimate for Airgain Inc is for a
loss of 6
cents per share. The company's EPS guidance on May 8 2024, for
the period ended June 30, 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," no
"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
$7.00​, below​ its last closing price of $7.10. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD-500 thousand.The company's guidance on
May 8 2024 for the period ended June 30 was for gross profit
margin between USD39.5% and USD42.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.08       -0.07      -0.08     Missed  -6.7
 Jan. 1 2024   -0.20       -0.20      -0.33     Missed  -65
 Jan. 1 0001   -0.02       0.00       -0.06     Missed  -166.7
                                                        ​
 Jan. 1 0001   0.00        0.00       -0.01     Missed  -185.7
 ​​Jan.        -0.06       -0.06      -0.08     Missed  -31.7
 1 0001                                                 
 Jan. 1 0001   0.06        0.06                         -271.9
                                                        ​
 Sep. 30 2022  0.00        0.00                         2,900
 Jan. 1 0001   0.01        0.01       0.03      Beat    150
 This summary was machine generated August 2 at 21:10 GMT.  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)