Lantronix Inc expected to post earnings of 8 cents a share - Earnings Preview

Lantronix

06/02/2024 21:36

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 8 for the
period ending December 31 2023
    * The Irvine California-based  company is expected to report
a
19.3% increase in revenue to $37.594 million from $31.51 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Lantronix Inc is for
earnings
of 8 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
$9.00​, above​ its last closing price of $6.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.02        0.03       0.04      Beat    47.1
 ​​Sep.        0.05        0.05       0.07      Beat    54.2
 30 2022                                                
 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
 This summary was machine generated February 6 at 21:36 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)