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

Genasys

14/05/2024 22:01

* Genasys Inc  GNSS.OQ  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of three analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -14 cents to -12 cents per share.
    * Revenue fell 48.8% to $5.74 million from a year ago;
analysts
expected $6.37 million. 
    * Genasys Inc shares had fallen by 9.3% this quarter and
gained 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 38.3%
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
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Genasys Inc is
$4.75 
This summary was machine generated from LSEG data May 14 at
09:00 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
 Mar. 31 2024      -0.13          -0.16          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