Flux Power Holdings Inc reports results for the quarter ended in December - Earnings Summary

Flux Power Holdings

08/02/2024 22:01

* Flux Power Holdings Inc  FLUX.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -10 cents.  The mean expectation of
three analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -9 cents to 2
cents per share.
    * Revenue rose 6.9% to $18.34 million from a year ago;
analysts
expected $18.42 million. 
    * Flux Power Holdings Inc's reported EPS for the quarter was
a
loss of 5 cents​.
    * The company reported a quarterly loss of $814 thousand.
    * Flux Power Holdings Inc shares had fallen by 0.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 85.7%
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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Flux Power
Holdings Inc is $10.00 
This summary was machine generated from LSEG data February 8 at
10:01 p.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
 Dec. 31 2023      -0.04          -0.05          Missed
 Sep. 30 2023      -0.13          -0.13          Met
 Jun. 30 2023      -0.05          -0.09          Missed
 Mar. 31 2023      -0.10          -0.09          Beat