Lantronix Inc expected to post earnings of 7  cents a share - Earnings Preview

Lantronix

08/05/2023 21:03

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 10. 
    * The Irvine California-based  company is expected to report
 a
8.7% increase in revenue to $35.14 million from $32.32 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lantronix Inc is
for
earnings of 7 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 $3.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  0.07        0.07       0.08      Beat    16.3
 ​​Dec.        0.08        0.08       0.10      Beat    19.4
 31 2021                                                
 Sep. 30 2021  0.07        0.07       0.08      Beat    18.5​
 Jun. 30 2021  0.05        0.05       0.06      Beat    20
 Mar. 31 2021  0.03        0.03       0.05      Beat    87.5
 This summary was machine generated May 8 at 20:03 GMT.  All
figures in US dollars  unless otherwise stated