Lantronix Inc expected to post earnings of 15 cents a share - Earnings Preview

Lantronix

03/09/2024 12:04

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on September 5
(estimated) for the period ending June 30 2024
    * The Irvine California-based  company is expected to report
a
40.5% increase in revenue to $49.056 million from $34.92 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on April 29 2024, for
the period ended June 30, was for revenue between $46.50 million
and $51.50 million.
    * ​LSEG's mean analyst estimate for Lantronix Inc is for
earnings
of 15 cents per share. The company's EPS guidance on April 29
2024, for the period ended June 30, was between $0.12 and $0.18 
    * 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
$7.00​, above​ its last closing price of $3.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.10        0.10       0.11      Beat    12.2
 Dec. 31 2024  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.        0.07        0.07       0.06      Missed  -10.4
 31 2023                                                
 Dec. 31 2022  0.02        0.03       0.04      Beat    47.1​
 Sep. 30 2022  0.05        0.05       0.07      Beat    54.2
 Jun. 30 2022  0.09        0.09       0.08      Missed  -9.1
 This summary was machine generated September 3 at 11:04 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)