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

Aviat Networks

07/02/2024 08:50

* Aviat Networks Inc  AVNW.OQ  reported quarterly adjusted
earnings of 97 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 94 cents.  The mean expectation of
six analysts for the quarter was for earnings of 88 cents per
share. Wall Street expected results to range from 72 cents
to $1.08 per share.
    * Revenue rose 4.8% to $95.04 million from a year ago;
analysts
expected $91.47 million. 
    * Aviat Networks Inc's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $2.89
million.
    * Aviat Networks Inc shares had fallen by 7.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 Aviat Networks
Inc is $58.00 
This summary was machine generated from LSEG data February 7 at
08:50 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
 Dec. 31 2023      0.88           0.97           Beat
 Sep. 30 2023      0.77           0.87           Beat
 Jun. 30 2023      0.86           0.87           Beat
 Mar. 31 2023      0.75           0.75           Met