Airgain Inc expected to post breakeven results a share - Earnings Preview

Airgain

08/08/2023 23:44

* Airgain Inc  AIRG.OQ   AIRG.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 10. 
    * The San Diego California-based  company is expected to
report  a
14.2% decrease in revenue to $16.538 million from $19.29 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on May 11 2023,
for the period ended June 30, was for revenue between $15.70
million and $17.30 million.
    * ​Refinitiv's mean analyst estimate for Airgain Inc is for
breakeven results per share. The company's EPS guidance on May
11 2023, for the period ended June 30, was about USD0
    * 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
$8​, above​ its last closing price of $4.80. ​​​

The company's guidance on May 11 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD200 thousand.The company's guidance on May
11 2023 for the period ended June 30 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  
 Mar. 31 2023  -0.06       -0.06      -0.08     Missed  -31.7
 Dec. 31 2023  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.        -0.11       -0.11      -0.04     Beat    64.3
 31 2022                                                
 Dec. 31 2021  -0.22       -0.22      -0.23     Missed  -4.5​
 Sep. 30 2021  -0.05       -0.05      -0.11     Missed  -118.3
 Jun. 30 2021  0.04        0.04       0.06      Beat    42.9
 This summary was machine generated August 8 at 22:44 GMT.  All
figures in US dollars  unless otherwise stated