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

Aviat Networks

23/08/2023 22:02

* Aviat Networks Inc  AVNW.OQ  reported quarterly adjusted
earnings of 87 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 86 cents per share.
    * Revenue rose 17.8% to $91.18 million from a year ago;
analysts
expected $88.98 million. 
    * Aviat Networks Inc's reported EPS for the quarter was 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Aviat Networks Inc shares had fallen by 16.8% this
quarter and
lost 10.9% so far this year.
    * The company reported quarterly net income of $3.34
million.
    * Wall Street's median 12-month price target for Aviat
Networks
Inc is $57.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 23 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.86           0.87           Beat
 Mar. 31 2023      0.75           0.75           Met
 Dec. 31 2022      0.79           0.94           Beat
 Sep. 30 2022      0.71           0.75           Beat