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

Aviat Networks

02/05/2024 06:26

* Aviat Networks Inc  AVNW.OQ  reported quarterly adjusted
earnings of 73 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 75 cents.  The mean expectation of six analysts
for the quarter was for earnings of 51 cents per share. Wall
Street expected results to range from 34 cents to 65 cents per
share.
    * Revenue rose 33.7% to $111.61 million from a year ago;
analysts
expected $113.44 million. 
    * Aviat Networks Inc's reported EPS for the quarter was 27
cents​.
    * The company reported quarterly net income of $3.42
million.
    * Aviat Networks Inc shares had fallen by 11.4% this
quarter and
gained 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 36.3%
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 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 $54.00 
This summary was machine generated from LSEG data May 2 at 05:26
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
 Mar. 31 2024      0.51           0.73           Beat
 Dec. 31 2023      0.88           0.97           Beat
 Sep. 30 2023      0.77           0.87           Beat
 Jun. 30 2023      0.86           0.87           Beat