Lantronix Inc expected to post earnings of 9  cents a share - Earnings Preview

Lantronix

16/08/2022 21:23

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 18. 
    * The Irvine California-based  company is expected to report
 a
64.9% increase in revenue to $34.04 million from $20.64 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 9 cents per share. For the same quarter last year,
the company reported earnings of 6 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
$13​, above​ its last closing price of $7.60. ​​​
    * 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 2022  0.07        0.07       0.08      Beat    16.3
 Dec. 31 2022  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
 ​​Mar.        0.03        0.03       0.05      Beat    87.5
 31 2021                                                
 Dec. 31 2020  0.05        0.05       0.03      Missed  -37.9​
 Sep. 30 2020  0.05        0.05       0.05      Met     0
 Jun. 30 2020  0.03        0.03       0.04      Beat    50
 This summary was machine generated August 16 at 20:23 GMT.  All
figures in US dollars  unless otherwise stated