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

Lantronix

10/05/2023 22:52

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
6 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
7 cents per share.
    * Revenue rose 2% to $32.96 million from a year ago;
analysts
expected $35.14 million. 
    * Lantronix Inc's reported EPS for the quarter was a loss
of 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.4%
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 fallen by 12.7% this quarter and
lost 12.3% so far this year.
    * The company reported a quarterly loss of $3.07 million.
    * Wall Street's median 12-month price target for Lantronix
Inc is
$10.00 
    * 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 LSEG Refinitiv data May
10 at 09:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.07           0.06           Missed
 Dec. 31 2022      0.03           0.04           Beat
 Sep. 30 2022      0.05           0.07           Beat
 Jun. 30 2022      0.09           0.08           Missed