Cambium Networks Corp reports results for the quarter ended in September 30 - Earnings Summary
08/11/2024 05:03
* Cambium Networks Corp CMBM.OQ reported a quarterly
adjusted
loss of 14 cents per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -44 cents. The mean expectation of six analysts
for the quarter was for a loss of 17 cents per share. Wall
Street expected results to range from -20 cents to -16 cents per
share.
* Revenue rose 1.6% to $43.73 million from a year ago;
analysts
expected $45.31 million.
* Cambium Networks Corp's reported EPS for the quarter was a
loss
of 14 cents.
* The company reported a quarterly loss of $9.68 million.
* Cambium Networks Corp shares had fallen by 28.4% this
quarter and lost 78.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 15.9%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the wireless
telecommunications services peer group is also "buy"
Wall Street's median 12-month price target for Cambium Networks
Corp is 4.00
This summary was machine generated from LSEG data November 8 at
05:03 a.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.17 -0.14 Beat
Jun. 30 2024 -0.21 -0.25 Missed
Mar. 31 2024 -0.23 -0.46 Missed
Dec. 31 2023 -0.39 -0.95 Missed