Cambium Networks Corp expected to post earnings of 21  cents a share - Earnings Preview

Cambium Networks

28/07/2023 23:52

* Cambium Networks Corp  CMBM.OQ   CMBM.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 1. 
    * The Rolling Meadows Illinois-based  company is expected to
report  a 12.7% increase in revenue to $78.111 million from
$69.3 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on May
8 2023, for the period ended June 30, was for revenue between
$72.00 million and $80.00 million.
    * ​Refinitiv's mean analyst estimate for Cambium Networks
Corp is
for earnings of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $23.5​, above​ its last closing price of $16.03. ​​​

The company's guidance on May 8 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD5.9
million and USD10.1 million.The company's guidance on May 8 2023
for the period ended June 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between USD72 million
and USD11.1 million.The company's guidance on May 8 2023 for the
period ended June 30 was for Capital Expenditures between USD1.5
million and USD2.5 million.The company's guidance on May 8 2023
for the period ended June 30 was for gross profit margin between
USD50.3% and USD51.8%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.20        0.20       0.24      Beat    22
 Dec. 31 2023  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
 ​​Mar.        -0.03       0.00       0.01      Beat    400.3
 31 2022                                                
 Dec. 31 2021  0.15        0.15       0.16      Beat    9.1​
 Sep. 30 2021  0.14        0.20       0.23      Beat    13.4
 Jun. 30 2021  0.33        0.33       0.45      Beat    35
 This summary was machine generated July 28 at 22:52 GMT.  All
figures in US dollars  unless otherwise stated