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

Lantronix

09/11/2022 22:03

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
7 cents​​ per share for the quarter ended in September. The mean
expectation of five analysts for the quarter was for earnings of
5 cents per share.
    * Revenue rose 14.8% to $31.80 million from a year ago;
analysts
expected $32.27 million. 
    * Lantronix Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 55.8%
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 14.3% this quarter and
lost 47.4% so far this year.
    * The company reported a quarterly loss of $1.65 million.
    * Wall Street's median 12-month price target for Lantronix
Inc is
$12.00 
    * 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 November
9 at 10:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.05           0.07           Beat
 Jun. 30 2022      0.09           0.08           Missed
 Mar. 31 2022      0.07           0.08           Beat
 Dec. 31 2021      0.08           0.10           Beat