Cambium Networks Corp expected to post a loss of 23 cents a share - Earnings Preview

Cambium Networks

08/05/2024 03:23

* Cambium Networks Corp  CMBM.OQ   CMBM.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The Rolling Meadows Illinois-based  company is expected to
report a 41.4% decrease in revenue to $45.383 million from $77.4
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
15 2024, for the period ended March 31, 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 23 cents per share. The company's EPS guidance on
February 15 2024, for the period ended March 31, was between
$-0.31 and $-0.22 
    * 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 $6.75​, above​ its last closing price of $4.05. ​​​

The company's guidance on February 15 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD-7.8 million and USD-5.3 million.The company's guidance on
February 15 2024 for the period ended March 31 was for Earnings
before Interest, Taxes, Depreciation and Amortization of between
43 million and -4.1 million (USD).The company's guidance on
February 15 2024 for the period ended March 31 was for Capital
Expenditures between USD2 million and USD3 million.The company's
guidance on February 15 2024 for the period ended March 31 was
for gross profit margin between USD41% and USD44%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2023  0.22        0.21       0.03      Missed  -86​
 Mar. 31 2023  0.20        0.20       0.24      Beat    22
 ​​Jan.        0.25        0.25       0.36      Beat    41.6
 1 0001                                                 
 Sep. 30 2022  0.19        0.19       0.40      Beat    113.7​
 Jun. 30 2022  0.06        0.06       0.18      Beat    196.7
 Mar. 31 2022  -0.03       0.00       0.01      Beat    400.3
 This summary was machine generated May 8 at 02:23 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)