Lantronix Inc expected to post earnings of 10 cents a share - Earnings Preview

Lantronix

26/04/2024 21:26

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on April 29 for the
period ending March 31 2024
    * The Irvine California-based  company is expected to report
a
22.0% increase in revenue to $40.22 million from $32.96 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on February 8 2024,
for the period ended March 31, was for revenue between $38.00
million and $42.00 million.
    * ​LSEG's mean analyst estimate for Lantronix Inc is for
earnings
of 10 cents per share. The company's EPS guidance on February 8
2024, for the period ended March 31, was between $0.09 and
$0.13 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lantronix
Inc is
$8.00​, above​ its last closing price of $3.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.08        0.08       0.08      Met     -2.4
 Sep. 30 2023  0.03        0.03       0.07      Beat    169.2
 Jun. 30 2023  0.06        0.06       0.06      Met     -3.2​
 Mar. 31 2023  0.07        0.07       0.06      Missed  -10.4
 ​​Dec.        0.02        0.03       0.04      Beat    47.1
 31 2022                                                
 Sep. 30 2022  0.05        0.05       0.07      Beat    54.2​
 Jun. 30 2022  0.09        0.09       0.08      Missed  -9.1
 Mar. 31 2022  0.07        0.07       0.08      Beat    16.3
 This summary was machine generated April 26 at 20:26 GMT.  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)