Lantronix Inc expected to post earnings of 6  cents a share - Earnings Preview

Lantronix

05/09/2023 21:06

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
fall in
quarterly revenue when it reports  results on September 7. 
    * The Irvine California-based  company is expected to report
 a
4.2% decrease in revenue to $34.431 million from $35.95 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on May 10 2023,
for the period ended June 30, was for revenue between $33.00
million and $36.00 million.
    * ​Refinitiv's mean analyst estimate for Lantronix Inc is
for
earnings of 6 cents per share. The company's EPS guidance on May
10 2023, for the period ended June 30, was between $0.06 and
$0.08 
    * 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
$9​, above​ its last closing price of $3.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.07        0.07       0.06      Missed  -10.4
 Dec. 31 2023  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
 ​​Mar.        0.07        0.07       0.08      Beat    16.3
 31 2022                                                
 Dec. 31 2021  0.08        0.08       0.10      Beat    19.4​
 Sep. 30 2021  0.07        0.07       0.08      Beat    18.5
 Jun. 30 2021  0.05        0.05       0.06      Beat    20
 This summary was machine generated September 5 at 20:06 GMT. 
All figures in US dollars  unless otherwise stated