Lantronix Inc expected to post earnings of 3cents a share - Earnings Preview

Lantronix

08/02/2023 02:26

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 9. 
    * The Irvine California-based  company is expected to report
 a
5.4% decrease in revenue to $31.875 million from $33.68 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on January 25
2023, for the period ended December 31, was for revenue between
$31.00 million and $32.00 million.
    * ​Refinitiv's mean analyst estimate for Lantronix Inc is
for
earnings of 3 cents per share. 
    * 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
$10​, above​ its last closing price of $5.16. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Dec. 31 2021  0.08        0.08       0.10      Beat    19.4
 ​​Sep.        0.07        0.07       0.08      Beat    18.5
 30 2021                                                
 Jun. 30 2021  0.05        0.05       0.06      Beat    20​
 Mar. 31 2021  0.03        0.03       0.05      Beat    87.5
 Dec. 31 2020  0.05        0.05       0.03      Missed  -37.9
 This summary was machine generated February 8 at 02:26 GMT.  All
figures in US dollars  unless otherwise stated