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

Genasys

08/12/2023 10:21

* Genasys Inc  GNSS.OQ  reported a quarterly adjusted loss
of 27
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of five analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -11 cents to -6 cents per share.
    * Revenue fell 33.3% to $10.70 million from a year ago;
analysts
expected $10.56 million. 
    * Genasys Inc shares had fallen by 14.4% this quarter and
lost 53.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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
$4.25 
This summary was machine generated from LSEG data December 8 at
10:20 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 2023      -0.08          -0.27          Missed
 Jun. 30 2023      -0.05          -0.04          Beat
 Mar. 31 2023      -0.07          -0.09          Missed
 Dec. 31 2022      -0.05          -0.10          Missed