Lantronix Inc reports results for the quarter ended in December - Earnings Summary

Lantronix

08/02/2024 23:27

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
8 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of five analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 8 cents to 9 cents per share.
    * Revenue rose 17.6% to $37.04 million from a year ago;
analysts
expected $37.59 million. 
    * Lantronix Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $2.59 million.
    * Lantronix Inc shares had fallen by 0.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Lantronix Inc is
$9.00 
This summary was machine generated from LSEG data February 8 at
11:27 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.08           0.08           Met
 Sep. 30 2023      0.03           0.07           Beat
 Jun. 30 2023      0.06           0.06           Met
 Mar. 31 2023      0.07           0.06           Missed