Genasys Inc reports results for the quarter ended in December - Earnings Summary

Genasys

13/02/2024 23:34

* Genasys Inc  GNSS.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of five analysts for the quarter
was for a loss of 10 cents per share. Wall Street expected
results to range from -13 cents to -7 cents per share.
    * Revenue fell 58.4% to $4.36 million from a year ago;
analysts
expected $7.90 million. 
    * Genasys Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $6.72 million.
    * Genasys Inc shares had fallen by 10.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Genasys Inc is
$4.50 
This summary was machine generated from LSEG data February 13 at
11:34 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      -0.10          -0.15          Missed
 Sep. 30 2023      -0.08          -0.07          Beat
 Jun. 30 2023      -0.05          -0.04          Beat
 Mar. 31 2023      -0.07          -0.09          Missed