Airgain Inc reports results for the quarter ended September 30 - Earnings Summary

Airgain

13/11/2024 24:08

* Airgain Inc  AIRG.OQ  reported quarterly breakeven
results​​ per
share for the quarter ended September 30, higher than the same
quarter last year, when the company reported EPS of -6 cents. 
The mean expectation of three analysts for the quarter was for a
loss of one cent per share. Wall Street expected results to
range from -2 cents to -1 cents per share.
    * Revenue rose 17.6% to $16.10 million from a year ago;
analysts
expected $16.00 million. 
    * Airgain Inc's reported EPS for the quarter was a loss
of 16
cents​.
    * The company reported a quarterly loss of $1.76 million.
    * Airgain Inc shares had risen by 32.1% this quarter and
gained 179.8% so far this year.

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." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Airgain Inc is
$8.00 
This summary was machine generated from LSEG data November 13 at
12:07 a.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
 Sep. 30 2024      -0.01          0.00           Beat
 Jun. 30 2024      -0.06          -0.05          Beat
 Mar. 31 2024      -0.07          -0.08          Missed
 Dec. 31 2023      -0.20          -0.33          Missed