Anterix Inc reports results for the quarter ended in June - Earnings Summary

Anterix

07/08/2024 24:03

* Anterix Inc  ATEX.OQ  reported a quarterly adjusted loss
of 84
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -11
cents.  The mean expectation of two analysts for the quarter was
for a loss of 45 cents per share. Wall Street expected
results to range from -51 cents to -39 cents per share.
    * Revenue rose 150.8% to $1.53 million from a year ago;
analysts
expected $1.57 million. 
    * Anterix Inc's reported EPS for the quarter was a loss
of 84
cents​.
    * The company reported a quarterly loss of $15.52 million.
    * Anterix Inc shares had fallen by 6.3% this quarter and
gained 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
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 wireless
telecommunications services peer group is also "buy"

Wall Street's median 12-month price target for Anterix Inc is
$87.50 
This summary was machine generated from LSEG data August 6 at
11:03 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
 Jun. 30 2024      -0.45          -0.84          Missed
 Mar. 31 2024      -0.41          -0.51          Missed
 Dec. 31 2023      -0.62          0.02           Beat
 Sep. 30 2023      -0.62          -0.27          Beat