Airgain Inc reports results for the quarter ended in December - Earnings Summary

Airgain

06/03/2024 23:25

* Airgain Inc  AIRG.OQ  reported a quarterly adjusted loss
of 33
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -11
cents.  The mean expectation of three analysts for the quarter
was for a loss of 20 cents per share. Wall Street expected
results to range from -21 cents to -19 cents per share.
    * Revenue fell 49.4% to $10.07 million from a year ago;
analysts
expected $10.00 million. 
    * Airgain Inc's reported EPS for the quarter was a loss
of 52
cents​.
    * The company reported a quarterly loss of $5.48 million.
    * Airgain Inc shares had risen by 27.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Airgain Inc
is
$5.00 

This summary was machine generated from LSEG data March 6 at
11:24 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.20          -0.33          Missed
 Sep. 30 2023      -0.02          -0.06          Missed
 Jun. 30 2023      0.00           -0.01          Missed
 Mar. 31 2023      -0.06          -0.08          Missed