Cambium Networks Corp expected to post a loss of 21 cents a share - Earnings Preview
07/08/2024 02:27
* Cambium Networks Corp CMBM.OQ CMBM.O is expected
to show a
fall in quarterly revenue when it reports results on August 8
for the period ending June 30 2024
* The Rolling Meadows Illinois-based company is expected to
report a 22.7% decrease in revenue to $46.02 million from $59.54
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 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 21 cents per share. The company's EPS guidance on May 9
2024, for the period ended June 30, was between $-0.24 and
$-0.19
* 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 $5.75, above its last closing price of $1.79.
The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD-7.4
million and USD-5.4 million.The company's guidance on May 9 2024
for the period ended June 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between 43 million and
-4.2 million (USD).The company's guidance on May 9 2024 for the
period ended June 30 was for Capital Expenditures between USD1.5
million and USD2.5 million.The company's guidance on May 9 2024
for the period ended June 30 was for gross profit margin between
USD40% and USD42%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 -0.23 -0.23 -0.46 Missed -95.7
Dec. 31 2024 -0.42 -0.39 -0.95 Missed -144.5
Sep. 30 2023 -0.12 -0.09 -0.44 Missed -410.8
Jun. 30 2023 0.22 0.21 0.03 Missed -86
Mar. 0.20 0.20 0.24 Beat 22
31 2023
Dec. 31 2022 0.25 0.25 0.36 Beat 41.6
Sep. 30 2022 0.19 0.19 0.40 Beat 113.7
Jun. 30 2022 0.06 0.06 0.18 Beat 196.7
This summary was machine generated August 7 at 01:27 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)