Lantronix Inc reports results for the quarter ended in June 30 - Earnings Summary

Lantronix

05/09/2024 21:29

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
15 cents​​ per share for the quarter ended June 30, higher than
the same quarter last year, when the company reported EPS of 6
cents.  The mean expectation of five analysts for the quarter
was for earnings of 15 cents per share. Wall Street expected
results to range from 15 cents to 16 cents per share.
    * Revenue rose 40.5% to $49.08 million from a year ago;
analysts
expected $49.06 million. 
    * Lantronix Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $386
thousand.
    * Lantronix Inc shares had fallen by 2.8% this quarter and
lost 41.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$7.00 
This summary was machine generated from LSEG data September 5 at
08:29 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
 Jun. 30 2024      0.15           0.15           Met
 Mar. 31 2024      0.10           0.11           Beat
 Dec. 31 2023      0.08           0.08           Met
 Sep. 30 2023      0.03           0.07           Beat