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

Lantronix

04/11/2024 15:37

* Lantronix Inc  LTRX.OQ   LTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The Irvine California-based  company is expected to report
a
9.9% increase in revenue to $36.314 million from $33.03 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on September 5 2024,
for the period ended September 30, was for revenue between
$34.00 million and $38.00 million.
    * ​LSEG's mean analyst estimate for Lantronix Inc is for
earnings
of 9 cents per share. The company's EPS guidance on September 5
2024, for the period ended September 30, was between $0.07 and
$0.11 
    * 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 had fallen by
about 1.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Lantronix
Inc is
7.00​, above​ its last closing price of $3.96. ​​​

The company's guidance on September 5 2024 for the period ended
September 30 was for gross profit margin between USD42% and
USD45%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.15        0.15       0.15      Met     -2.6
 Mar. 31 2024  0.10        0.10       0.11      Beat    12.2
 Jan. 1 0001   0.08        0.08       0.08      Met     -2.4​
 Sep. 30 2023  0.03        0.03       0.07      Beat    169.2
 ​​Jun.        0.06        0.06       0.06      Met     -3.2
 30 2023                                                
 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. 30 2022  0.05        0.05       0.07      Beat    54.2
 This summary was machine generated November 4 at 15:37 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)