Cambium Networks Corp expected to post a loss of 17 cents a share - Earnings Preview
29/10/2024 21:07
* Cambium Networks Corp CMBM.OQ CMBM.O is expected
to show a
rise in quarterly revenue when it reports results on November 7
for the period ending September 30 2024
* The Rolling Meadows Illinois-based company is expected to
report a 5.3% increase in revenue to $45.311 million from $43.05
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on August 8
2024, for the period ended September 30, was for revenue between
$43.00 million and $48.00 million.
* LSEG's mean analyst estimate for Cambium Networks Corp is
for a
loss of 17 cents per share. The company's EPS guidance on August
8 2024, for the period ended September 30, was between $-0.19
and $-0.14
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Cambium
Networks
Corp is $4.00, above its last closing price of $1.22.
The company's guidance on August 8 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD-5.6 million and USD-3.6 million.The company's guidance on
August 8 2024 for the period ended September 30 was for Earnings
before Interest, Taxes, Depreciation and Amortization of between
43 million and -2.4 million (USD).The company's guidance on
August 8 2024 for the period ended September 30 was for Capital
Expenditures between USD2 million and USD3 million.The company's
guidance on August 8 2024 for the period ended September 30 was
for gross profit margin between USD41.5% and USD43.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jun. 30 2024 -0.21 -0.21 -0.25 Missed -17.9
Mar. 31 2024 -0.23 -0.23 -0.46 Missed -95.7
Dec. 31 2023 -0.42 -0.39 -0.95 Missed -144.5
Sep. 30 2023 -0.12 -0.09 -0.44 Missed -410.8
Jun. 0.22 0.21 0.03 Missed -86
30 2023
Mar. 31 2023 0.20 0.20 0.24 Beat 22
Dec. 31 2022 0.25 0.25 0.36 Beat 41.6
Sep. 30 2022 0.19 0.19 0.40 Beat 113.7
This summary was machine generated October 29 at 21:06 GMT. 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)