Boxlight Corp reports results for the quarter ended in March - Earnings Summary

Boxlight

09/05/2024 18:34

* Boxlight Corp  BOXL.OQ  reported a quarterly adjusted loss
of 66
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -32
cents.  The mean expectation of three analysts for the quarter
was for a loss of 86 cents per share. Wall Street expected
results to range from -93 cents to -72 cents per share.
    * Revenue fell 9.9% to $37.09 million from a year ago;
analysts
expected $34.02 million. 
    * Boxlight Corp's reported EPS for the quarter was a loss
of 76
cents​.
    * The company reported a quarterly loss of $7.41 million.
    * Boxlight Corp shares had fallen by 14.2% this quarter and
lost 47.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 62.3%
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 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Boxlight Corp is
$2.50 
This summary was machine generated from LSEG data May 9 at 05:34
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
 Mar. 31 2024      -0.86          -0.66          Beat
 Dec. 31 2023      -0.63          -1.89          Missed
 Sep. 30 2023      0.34           -0.51          Missed
 Jun. 30 2023      -0.19          -0.12          Beat