Airgain Inc expected to post a loss of 7 cents a share - Earnings Preview

Airgain

07/05/2024 03:59

* Airgain Inc  AIRG.OQ   AIRG.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The San Diego California-based  company is expected to
report a
15.2% decrease in revenue to $13.95 million from $16.44 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on March 6 2024, for
the period ended March 31, was for revenue between $13.25
million and $14.75 million.
    * ​LSEG's mean analyst estimate for Airgain Inc is for a
loss of 7
cents per share. The company's EPS guidance on March 6 2024, 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," 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
$6.00​, above​ its last closing price of $5.25. ​​​

The company's guidance on March 6 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD-500 thousand.The company's guidance
on March 6 2024 for the period ended March 31 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  
 Dec. 31 2023  -0.20       -0.20      -0.33     Missed  -65
 Sep. 30 2023  -0.02       -0.02      -0.06     Missed  -166.7
 Jan. 1 0001   0.00        0.00       -0.01     Missed  -185.7
                                                        ​
 Mar. 31 2023  -0.06       -0.06      -0.08     Missed  -31.7
 ​​Dec.        0.06        0.06       -0.11     Missed  -271.9
 31 2022                                                
 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
 This summary was machine generated May 7 at 02:59 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)