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

Lantronix

25/08/2022 22:50

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
8 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
9 cents per share.
    * Revenue rose 74.2% to $35.95 million from a year ago;
analysts
expected $34.04 million. 
    * Lantronix Inc's reported EPS for the quarter was 7 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Lantronix Inc shares had risen by 37.7% this quarter and
lost 5.4% so far this year.
    * The company reported quarterly net income of $2.51
million.
    * Wall Street's median 12-month price target for Lantronix
Inc is
$13.00 
    * 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." 

This summary was machine generated from Refinitiv data August 25
at 09:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.09           0.08           Missed
 Mar. 31 2022      0.07           0.08           Beat
 Dec. 31 2021      0.08           0.10           Beat
 Sep. 30 2021      0.07           0.08           Beat