LightPath Technologies Inc expected to post a loss of 4 cents a share - Earnings Preview

LightPath Technologies

06/02/2024 23:38

* LightPath Technologies Inc  LPTH.OQ   LPTH.O  is expected
to show a fall in quarterly revenue when it reports  results on
February 8 for the period ending December 31 2023
    * The Orlando Florida-based  company is expected to report a
10.1% decrease in revenue to $7.62 million from $8.47 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for LightPath Technologies
Inc is
for a loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for LightPath
Technologies Inc is $3.00​, above​ its last closing price
of $1.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.03       -0.03      -0.04     Missed  -33.3
 Jun. 30 2023  -0.01       -0.01      -0.02     Missed  -100
 Mar. 31 2023  -0.04       -0.03      -0.03     Met     14.3​
 Dec. 31 2022  -0.05       -0.05      -0.03     Beat    40
 ​​Sep.                    0.01       -0.05     Missed  -600
 30 2022                                                
 Jun. 30 2022  -0.02       -0.02      -0.05     Missed  -150​
 Mar. 31 2022  -0.03       -0.03      -0.02     Beat    33.3
 Dec. 31 2021  -0.02       -0.01      -0.04     Missed  -200.1
 This summary was machine generated February 6 at 23:38 GMT.  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)