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

Genasys

07/08/2024 24:44

* Genasys Inc  GNSS.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -4
cents.  The mean expectation of three analysts for the quarter
was for a loss of 14 cents per share. Wall Street expected
results to range from -16 cents to -13 cents per share.
    * Revenue fell 49.7% to $7.17 million from a year ago;
analysts
expected $6.93 million. 
    * Genasys Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $6.68 million.
    * Genasys Inc shares had risen by 15.8% this quarter and
gained 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 377.8% 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 3 "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
$4.25 
This summary was machine generated from LSEG data August 6 at
11:44 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
 Jun. 30 2024      -0.14          -0.15          Missed
 Mar. 31 2024      -0.13          -0.16          Missed
 Dec. 31 2023      -0.10          -0.15          Missed
 Sep. 30 2023      -0.08          -0.07          Beat