Cambium Networks Corp expected to post a loss of 39 cents a share - Earnings Preview

Cambium Networks

13/02/2024 21:59

* Cambium Networks Corp  CMBM.OQ   CMBM.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
15 for the period ending December 31 2023
    * The Rolling Meadows Illinois-based  company is expected to
report a 51.3% decrease in revenue to $41.163 million from
$84.51 million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on January
18 2024, for the period ended December 31, was for revenue of
$40.000 million.
    * ​LSEG's mean analyst estimate for Cambium Networks Corp is
for a
loss of 39 cents per share. The company's EPS guidance on
November 2 2023, for the period ended December 31, was between
$-0.27 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 $8.00​, above​ its last closing price of $4.73. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for gross profit margin between USD38% and
USD45%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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​
 Dec. 31 2022  0.25        0.25       0.36      Beat    41.6
 ​​Sep.        0.19        0.19       0.40      Beat    113.7
 30 2022                                                
 Jun. 30 2022  0.06        0.06       0.18      Beat    196.7​
 Mar. 31 2022  -0.03       0.00       0.01      Beat    400.3
 Dec. 31 2021  0.15        0.15       0.16      Beat    9.1
 This summary was machine generated February 13 at 21:59 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)